One thing about Chinese culture is that they believe in education. Historically, administrators in China were people who passed the rigorous imperial exam system. Now, the threshold is graduation from the best universities in the world.
Chinese technocrats are very knowledgeable and they know what works. I believe china will be able to successfully engineer a shift to a consumer economy. Then they will welcome international immigrants/expats from all over the world as their population ages.
There will be no looking back once China becomes the biggest economy. I’m bullish on China.
[quote=FlyerInHi]One thing about Chinese culture is that they believe in education. Historically, administrators in China were people who passed the rigorous imperial exam system. Now, the threshold is graduation from the best universities in the world.
Chinese technocrats are very knowledgeable and they know what works. I believe china will be able to successfully engineer a shift to a consumer economy. Then they will welcome international immigrants/expats from all over the world as their population ages.
There will be no looking back once China becomes the biggest economy. I’m bullish on China.[/quote]
We know you are, Brian. You are probably working on getting your properties annexed by the PRC.
Never sure how much faith to put in various blog posts, but in general Calculated Risk has always struck me as pretty informative. This afternoon he posted on the decline in Chinese real estate investors in LA.
According to CNBC, Australia is still receiving lots of investments.
I know of a Chinese broker who recently opened an office in Vegas. She’s in her 60s, originally from Taiwan and lived for decades in LA. Let me know if you want her name. She has plenty of Chinese clients.
Interesting stats.
China clearly saved the world economy after the 2008 Great Recession.
In 1980 China was 5% of US GDP. 2005 40%, 2011 80%, now bigger in PPP.
China is the largest wealth creator in the history of the world despite people talking about “fake” money and impending crash for decades. https://www.weforum.org/agenda/2016/12/the-world-s-top-economy-the-us-vs-china-in-five-charts
I love it because they will bring their model of development to our cities and help re-urbanize our city centers. Many downtowns are depressed area which qualify for lower thresholds of investment visas. Something Jared Kushner wanted to use for a Jersey development.
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