China’s economy has more than doubled in size over the past 10 years. The evidence of this is everywhere you look: declining poverty, increasing wealth, rapid urbanisation, modern infrastructure and middle class consumption.

Growing at around 7% per annum the Chinese economy will continue to double every 10 years, and it’s already a much larger economy than it was. Now the second largest in the world, it is predicted to overtake the USA sometime around 2027 if not sooner.

This means that in 10 years’ time it will be double its current size—in another twenty years from now, four times its current size! When you think about how much influence China already has in the world today, combined with the disruption taking place in many industries around the world caused by China’s rapid expansion (real estate investment, commodity prices, e-commerce, migration, food and agriculture) and the fact that most countries in the world consider China their No. 1 trading partner, the opportunities in the short and long term are incredible.

Every business in the property industry must have a China strategy.