You're not the only one to have seen the Chinese real estate, from the Alberta coast to Florida. If you want to move money, ofc you can[1]. There is commerce with China. If you want to avoid controls (including punitive ones), real estate is not a preferred choice. This "vehicle" took a huge hit around 2016ish[2], which is why Chinese transfers fell dramatically crashing a number of luxury markets (US locales) with it. This is still recent memory and taken into commensurate consideration.

[1] https://hrone.com/blog/expats-can-get-earned-money-china-leg... [2] https://www.wsj.com/articles/china-issuing-strict-controls-o...