China's construction scale follows in U.S. footsteps

Developing nation cuts through red tape

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

"So do the Chinese still like Obama?" I asked a longtime Chinese colleague who’d just picked me up from the Shanghai airport. I expected a spirited answer one way or the other, as was usual when questions about America came up. Instead, he just shrugged. "They don’t really care," was his reply.

This, in a nutshell, summarizes China’s current level of concern for the United States. With the Chinese economy still roaring and development in high gear, events in America — superpower or not — are rapidly becoming irrelevant.