“We are creating an entirely new kind of Chinatown,” says the website. Liverpool’s New Chinatown project is among the latest in a wave of foreign-backed development that has seen billions of pounds flood into the UK’s northern cities in recent months – much of it into the property market. Photograph: Christopher Thomond for the GuardianCivic leaders have welcomed this influx of cash – and the foreign property investors that often follow. According to the mayor of Liverpool, Joe Anderson, the city has “not even come close to realising its potential. The capital’s mayor, Sadiq Khan, this week announced an inquiry to assess the scale and impact of the surge in foreign property investors.

Source: The Guardian October 01, 2016 06:30 UTC