China expert: A roundtable discussion on growth and opportunity in China
The 19th National Congress of the Chinese Communist Party was held late last year, with President Xi Jinping’s ideology being included in the constitution after only five years in office — it took 24 years before Former Chairman Mao Zedong’s ideology was included. As the nation looks to expand its prowess on the regional and global stage, Institutional Real Estate Asia Pacific senior editor Jennifer Molloy recently asked a number of experts on China their opinions about the country’s property markets and prospects for the future, and their responses are presented below. The roundtable discussion consists of Rushabh Desai, Asia Pacific CEO of Allianz Real Estate; Shane Taylor, director, head of Asia Pacific strategy and research, CBRE Global Investors; and Chris Wu, managing director (investment and development), Chongbang Group.
What do you make of how President Xi’s growing influence in China may affect the Chinese economy and property markets in the near