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When Bluesky Hotels and Resorts Inc. – a closely held company backed by Hong Kong capital – struck a $2.1-billion deal for InnVest REIT earlier this month, you better believe it made headlines in Canada. International papers have been splashing stories about China's foreign shopping spree on their front pages for months. The Wall Street Journal reported recently that in the first quarter of 2016, China had already notched up more than $102-billion (U.S.) in foreign deals, setting it up to shatter the $106-billion for all of last year.

Lexpert contributor Sandra Rubin reports at lexpert.ca/globe

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