I get that the source is Nikkei Asia , and China is the only Asian country* on the list, but the headline and a good chunk of the article made the law seem like it was exclusively targeting Chinese nationals.
*not counting Russia
*not counting Russia
Still I think the general idea is pertinent. Why the focus on China?
Personally I think foreign real estate investment is bad, and should be severely dealt with. I don't think it's fair for rich foreigners to essentially park cash in American housing. That specific sense that this activity is wrong can be generalized into a better policy solution, where we don't have to pretend that it's only bad when the Chinese or the Russians or whoever does it. It's also bad for private equity to do this, but that's a separate topic.