New York City desperate to sell land to China

New York City’s Economic Development Corporation is hosting a weeklong program, trying to sell property to Chinese companies.

It’s another sign that the economy is not recovering.  Real estate agents can’t sell enough property to U.S. companies, so they’re trying to get the rich Chinese to buy it.

Several Chinese businesses have already opened New York City offices, include the apparel company Li & Wang, and several banks and investment firms.