You mean like MGM or Rockefeller Center? The Japanese screwed up, when they were in this position, by buying too much. Liquidity is good. Commodity values swing much further than US dollars.
Think Pebble Beach.
a Japanese investor who had bought the Pebble Beach public golf course for $1.2 billion, planning to convert it into a private club with memberships priced at $350,000. But the county government nixed the plan, and the investor unloaded the property for barely half of what he had paid for it four years earlier.
The Japanese always make tons of money selling us cheap cars, stereos etc. then they lose the money in the market (art, real estate, treasuries) We get the best of both worlds. I expect the Chinese to do the same.