Credit creation funds building projects. According to the Financial Times , fixed asset investment accounted for 45% of Chinese GDP in 2016, more than double the proportion allocated in the United States and 50% higher than that of Japan. Within that category, infrastructure spending in July footed to % of fixed asset investment according to the FT , well above the % contribution from property/real estate. Xu Gao of China Everbright Securities summarizes the thought process behind the change: “Infrastructure and property have long been the main pillars supporting China’s economy. But property has cyclical ups and downs, so property investment is volatile. Infrastructure is something the government can directly control.”
We would like to personally thank Inspect My Home and David Yeowart for their professionalism in the way they handled the ‘handover’ of our investment property. Being new to this game, having a 3rd Party to assist us in a new build made us feel more comfortable with the whole process. David Yeowart went over and above in his inspection over the property and was able to impart his knowledge to us, which enabled us to understand which areas were are major concern and which areas were not. I highly recommend this company, and will be passing on their credentials to my colleagues. Not only were they value for money, they were competitive, efficient and professional.