Saturday, April 11, 2009

US property dealers eye wealthy Chinese

This is the first US property selling delegation to China, following a Chinese buying delegation's trip to the US in March.

"China, which has a fast growing economy and an emerging group of rich people, is now a market we cannot afford to miss," said Rob Emerick, head of the US delegation.

According to the Boston Consulting Group's report, China had the world's fifth-largest population of millionaires in 2008, at 391,000, up 20 percent from the previous year.

China Properties News

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