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Chinese buyers keeping London property market booming

Chinese buyers are helping to keep the London property market booming.

In the capital's West End, more than one in ten sales are going to buyers from China, with only more going to Britons.

The demand is keeping prices out of the reach of many aspiring to get a foot on the property ladder.

It comes despite news that China's economy is slowing.

ITV News China Correspondent Lucy Watson reports:


Trading in China suspended after shares plunge 7%

Trading in China's leading share index has been suspended early after a dramatic 7% fall on the first trading day of 2016.

An investor in Beijing takes a nap in front of an electronic board showing stock information on the day the markets were shut early. Credit: Reuters

An initial 5% fall on the Shanghai Composite Index - the benchmark for Chinese markets - led to a 15-minute break in trading but the resumption saw a further slump.

The day's trading was ended 90 minutes early after the stock market fell 7%, triggering a new "circuit breaker" suspension mechanism, which was introduced to ward against volatility in the market.

Embassy warns of 'possible threats' to tourists in China

The British embassy in China has urged "heightened vigilance" after receiving information of "possible threats" against Westerners in a popular shopping area of Beijing.

British embassy urges 'heightened vigilance' in Sanlitun shopping district of Beijing. Credit: Reuters

The British Embassy Beijing has received information of possible threats against Westerners in the Sanlitun area of Beijing, on or around Christmas Day. British citizens are urged to exercise heightened vigilance.

– Foreign and Commonwealth Office

Armed police are patrolling Sanlitun, an area popular with tourists with many big-name brands, restaurants and embassies in the vicinity, according to reports from Associated Press.

The American and French embassies have echoed the warnings.

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