In April, the central government in Beijing passed laws restricting residents in 43 major cities from buying second or third homes, effectively cutting property transaction volumes in many cities and slowing the building boom in housing.

FORBES: Beijing's 5% Housing Correction Far From A Collapse

The latest trend is for foreign investment flows into second and third tier cities rather than the major eastern seaboard cities like Shanghai, Beijing and Guangzhou.

FORBES: Foreign Cos Less Enchanted With China Manufacturing, But Country Still Beats U.S. As Investment Hot Spot

Ireland's Harrington, bidding for a third straight major, ran up a quadruple bogey nine on the par-five second and did well to recovery his composure to finish with 73 for one-under, while Garcia, still seeking his first major carded a three-over 75.

CNN: Perry and Cabrera leading after third round