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Economy: Housing / China #1036767

CBS Evening News for Tuesday, Dec 25, 2012
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(Studio: Jim Axelrod) The rise in new home construction cited.

(Napa Valley: Ben Tracy) The boost to California‚Äôs housing recovery from Chinese investors examined; statistics cited; scenes shown of a housing complex in Irvine being built for Chinese buyers. [Silenus Vineyards manager Scott MEADOWS††- says they're buying American made products and sending their money back over here.] [Student Di MENG††- says his parents bought him a house as an investment outside China.] [Ritz-Carlton vice president of international sales Jim JACOBSON††- says they look at their own economy as not very stable.]

Axelrod, Jim;
Tracy, Ben

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