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The Lord of Billionaires' Row
by Matthew K. Spencer
This novel, published in August 2018, deals with crime and espionage between the UK and China and the way in which criminals utilise the over-heated property markets in both countries, to the detriment of ordinary citizens. The problem in China is seen as one of only the privileged few having access to any investment which is not the (over-valued) Chinese property market or some company either trading in property or providing finance to those which do. The priviliged few, meanwhile, do have access to alternatives; which might be constructive, such as an investment in a company making something useful, or speculative, such as investing in the property market outside China, with London being a firm favourite (with Russians as well as Chinese!) To maintain an unfair gradient in investment opportunities between rich and poor in China, the poor must be forced by the CCP to put what money they have in property, even if it is a risky investment. (This causes mounting anger amonst those unable to invest safely for their own retirement, let alone their children's future.) The alternative investments are still vulnerable to market crashes, of course, but by being outside China they allow the people making those investments to flee the adverse consequences of the very CCP policies they benefitted from.
The problem with the British property market, especially in London, is that criminal gangs have been investing in the property market there for generations and this has made them over-powerful. It had also made the property market somewhat over-valued even before Russian and then Chinese millionaires started to pour money in, often without caring what the state of a property was or what it might really be worth. Add to that collaboration between those British criminal gangs and some politically well-connected Chinese and danger looms for both countries.
The temptations and the dangers of the property market for British gangsters are seen even in the Prologue and in their efforts to suck those gangsters into their own schemes, their Chinese counterparts get themselves involved in crimes and consequences they never even imagined possible, let alone likely.
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