China Housing and travelling

China is one of the attractive and highly anticipated countries nowadays because of its rapid economic growth. Alongside this, more and more Chinese people become wealthy and have accumulated lots of fortune. What is the quickest way to become wealthy?

According to Hurun Report of 2010, it seems quite easy to be a billionaire in China if you have some deposits in the bank. It is claimed that there are 875,000 multimillionaires and 55,000 billionaires in China. Among those moguls, over 1,900 people possess a fortune over RMB 1 billion and 140 people own a fortune over RMB 10 billion. However, there is still a large amount of fortune remaining uncalculated.

Let’s have a look at these people. They are mostly compromised of four types of people: businessmen, high salary earners such as the management of multinational companies, real estate speculators and professional stock investors. They are not as old as your grandpa, most of whose ages range from thirty to sixty. Among them the ratio of male to female is seven to three. Most of them with a rapidly increasing fortune embark on the property and manufacturing industries. However, it seems much easier to earn a large amount of money by speculation on housing.

Over the past few years, the housing has been keeping its high price stance in China and the price is still on the rise. Probably you might not believe the fact that some new housing developers could increase their house price daily by RMB 4,000 per square meter. This is what is happening now in China. Most of time you can’t buy a house under the price of RMB 20,000 per square meter in cosmopolitan cities such as Shanghai, Beijing or Guangzhou etc. That means without RMB 2,000,000, people are too poor to buy a house, for most of houses in China are larger than 90 square meters. If you get married with a guy who owns an apartment in those cities, you are really married with a relatively rich guy. More and more Chinese young people can’t afford to buy a house. The rich become richer by investing their money in property market to increase their fortune. Just over one night thousands of multi millionaires mushroom in every corner of China by purchasing many houses. Luring by the imaginable fortune, many Chinese speculators stand in the line.

Do you have any idle funds invested? I believe most of you have lots of idle funds to invest here and there but not in China. You could read info from the media that there are really lots of investing chances in China and don’t hesitate to enjoy the benefit from a fast growing country. Choosing to invest in the property market is definitely a prime option. At the same time when you invest, you do need to take care of the economic bubbles. Then turn around and you are on the way to be a billionaire.

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