Journalist Matt Sheehan’s book, “The Transpacific Experiment: How China and California Collaborate and Compete for our Future.”
Sheehan details how China's growing financial clout has shaped higher education and real estate in CA as well as two of the state's marquee industries: technology and entertainment.The Transpacific Experiment: How China and CA Collaborate and Compete for Our Future.Chinese homebuyers —wealthy or upper-middle-class Chinese families — buying houses in my hometown of Palo Alto. This was causing some local friction about who these people were, since they often didn't live in [the houses]. From 2012 to 2016, it was a little bit of a free for all. There was almost no oversight from the federal government in a lot of these issues.