The Olympics will end this weekend–a blink of the eye compared to the years China put into mounting this show. This new world powerhouse spent many tens, in fact hundreds, of billions of dollars to ready the country to put their best face forward. They built not only the various high tech, architecturally cutting edge sports venues, but also roads, subways, high speed rail, airport terminals as well as office buildings, hotels and  other commercial real estate ventures. Overall infrastructure spending alone in China has approached more than $150 billion annually in recent years.

China, meanwhile, has been a favored target for opportunistic investors from the U.S. including a large group of institutions and pension funds wanting greater alpha to boost returns. Even as U.S. core funds produced outsized mid-to-high teens performance, pension funds and others began gravitating to Asia looking for more.

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