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Being an investor in Xinyuan (XIN) has its ups and downs. The company’s primary thrust — investing in rapidly growing second tier Chinese cities — is sound. But we hear from various sources that it is not content with this focus so it gets into other ventures - foreign investments (US, UK, and Malaysia), Chain Link and Crypto Currencies. Any time XIN departs from its 2nd Tier cities in China focus, I worry. Further thoughts are presented below.