Affluent Chinese see upscale safe haven in Seattle area

Article by The Seattle Times
Originally published January 16, 2016 at 8:00 pm Updated January 16, 2016 at 10:54 pm

By Janet I. Tu
Seattle Times business reporter

“The glossy magazine’s pages contain a guide to Seattle and Eastside spas and high-end shopping, as well as ads for Mercedes-Benz and Roche Bobois, an upscale furniture chain.

What’s less expected is that it’s all in Chinese, since the new Seattle Luxury Living targets wealthy people from China who’ve bought homes here or are considering such a move.

But just as the magazine launched this month, China’s stock market took its latest dive, precipitating halts in trading, new government controls and concern around the globe that shakiness in the world’s No. 2 economy would rattle other countries as well.

Is Seattle Luxury Living’s publisher, John Spear, worried that affluent Chinese individuals, buffeted by the volatile market back home, will stop coming here? Quite the opposite.”