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Aug 9, 2013 07:15 AM

French Ministry of Finance warns against money laundering through chateaux purchases

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  1. Even some small vineyard owners were expressing some of the same concerns. The purchases by Chinese "shadow corporations" were worrisome. Guess that we'll see how this shakes out.

    A few of the larger operators speculated that many in China were looking for ownership papers, before their economy takes a major hit.

    Some were "holding their cards, close to their chests," and resisting the many buyouts.

    To me, this looks a bit like the Japanese purchases of much of the US, just before their big collapse, but what do I know?