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For the past several years, China has been the hot place to go for opportunity investors. All the major investment managers have lured institutional money into the emerging economic goliath. No doubt the arguments seem compelling for China continuing to grow into a dominant power over the next quarter century. Unprecedented development builds out and modernizes the country’s cities and entirely new urban areas mushroom as rural populations move to industrial job sites. An evolving middle class moves into high rise apartments and shops in new shopping centers. Office buildings pop up to accommodate commercial expansion and more hotels are needed for all the offshore visitors — business and tourist. Beijing gets a total facelift for the upcoming Olympics. The powers that be also fund massive infrastructure projects — a highway network, the equivalent of the US interstate system, has been built in just the past decade; mass transit facilities, high speed rail lines, and state-of-the-art airports start operations.

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