One the world’s oldest civilizations, with cultures dating back
more than six millennia, China is drenched in a fascinating
history. The source of some of the world’s greatest inventions and
home to the world’s longest written language system, the culture is
unique and engaging. As the world’s most populous and fastest
growing country, and with the globe’s second largest single
economy, China is an economic powerhouse and one of the world’s
most important markets in almost all industry sectors.
Since the start of the Chinese Economic Reform
in the late 1970s, China’s extraordinary economic growth has been
widely acknowledged by the international community and with GDP
growth averaging between 8%- 9% for the past quarter of a century
it is not hard to understand why. In 2007, China’s estimated GDP
was US$ 6.99 trillion at the current exchange rate, an increase of
11.9% over the previous year. For five years in a row, China’s
economic growth has reached or slightly exceeded 10% without
significant inflation. According to a 2007 Ernst and Young survey
China was rated the most attractive country to foreign
visitors.
According to the Global Competitiveness
Report 2007-2008 published by the World Economic Forum, China was
ranked 7th out of 131 countries in terms of its
macroeconomic stability and 34th overall.
Still in this Chapter
Is this is good place to Buy?
Which type of Property should you go for?
Hotspots
The Purchase Process
Mortgages
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