Wise Choice for Expatriates
China Economic Outlook
As a largest communist country in the world, many might view investment in China may seem like a difficult prospect. Apart from language and cultural differences, concerns may range from laws and regulations which still are primitive and not transparent.
However, ever since the late Deng Xiao Ping's successfully transformed the centralised planned economy to a market-oriented economy, the sleeping dragon has suddenly breathed new life of fire. The country is opening up to trade, has an increasingly liberal global trade regime, and labour costs are a fraction of what they are in the West. China also showed its openness to progress and development by joining the World Trade Organisation (WTO) in 2001.
The critical element of China's new-found economic freedom has been the introduction of property rights. These property rights include laws which state that the government may not confiscate property without payment of compensation, and allow for claims to be made against the Chinese government. With the economical economic growth being the largest in the world, property investment seems to be magnet of all hot money globally.
repatriation . However, these money can be taken out of China through investment in a business or in property, and the commitment required to run a business in a foreign country means that property investment is the simplest and most advantageous way to benefit from the opportunity that China offers.
China Property Market
Forty Tier II and III cities in China will be on the radar of property occupiers, investors and developers over the next decade, according to Jones Lang LaSalle’s latest research report, “China40 – The Rising Urban Stars”. The report also identified which of the 40 cities will have the potential to emerge as real estate winners in the office, logistics and retail sectors. The 40 cities (termed as “China40”) were identified through an evaluation process which started with 275 cities across China. Such cities are Qingdao, Chengdu, Hangzhou, Nanjing, Chongqing, Suzhou etc. 12/03/09 JLL
China40 - The Rising Urban Stars