InternationalMarkets & Economy

10 things every Realtor should know about China’s economy

What happens in China this year could be more important than what happens here
  • What happens in China this year will be more important than what happens here. Change here will come from there.
  • China’s problem now: neither it nor the outside world needs another 50 percent of China GDP in infrastructure or production.

News about China's economy over the past few days hasn't exactly been comforting. Yesterday, Forbes reported that the country's gross domestic product (GDP) grew about 1 percent in 2015.So what should you know about these shifts and the future of Chinese investment?1. It is okay to mention China to clients -- they are already thinking about it, and if you read the following, you’ll know more than they do and will be able to bring calm and comfort to them.2. What happens in China this year will be more important than what happens here. Change here will come from there.3. To have events here driven by events there does not mean that we are weak or losers. In 1945 at the end of World War II, the United States was the most powerful nation there has ever been -- so powerful that the rest of the world (most of it in ruins then) was certain to rise again to compete with us.4. China in the last 25 years grew its economy in a way no other nation ever has. However, it did...

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