New York Skyscraper Is China Buyers' Latest Property Deal

``Bank of China has agreed to pay nearly $600 million for 7 Bryant Park, a 28-story building being constructed on Sixth Avenue and 40th Street, according to people familiar with the matter... Chinese investors sat on the sidelines for years, eying deals but rarely pulling the trigger. Recently, though, they have become more aggressive, as the government has encouraged its companies to spread money around the globe and the real-estate market in China has shown signs of weakening.''