Welcome To China
The most populous country in the world, China has a 4,000-mi (6,400-km) coast that fronts on the Yellow Sea, the East China Sea, and the South China Sea. China comprises 22 provinces, five autonomous and four government-controlled municipalities (Beijing, Chongqing, Shanghai, and Tianjin). China is the seventh largest economy and has the youngest population in all of Asia. Coastal cities, especially in the southeast, have benefited greatly from China’s increasingly open trade policies. Most of China’s large cities, e.g. Shanghai, Tianjin and Guangzhou, are also the country’s main ports. In 1993 a revision of China’s constitution called for the development of a “socialist market economy” in which the Communist party would retain political power while encouraging a free market economy. This economic change continued and by the end 2003 China had experienced a robust growth rate of more than 9%. China’s total value of goods and services has been growing at a double digit rate for over 20 years. Although growth figures are now in the single digits (about 7.3 %), this is a large market that cannot be ignored. The World Bank estimates by the year 2025 China’s economy will account for 25% of the total World Economy. Driven by domestic demand and supported by World Trade Organization accession, China economy should continue to grow robustly.
About ERA In China
The new ERA Real Estate Consulting (Shanghai) Co. Ltd in Shanghai has started operations and aims to get a slice of the large Chinese property market. The Shanghai office will also sell franchisee rights to 30 real estate agencies within Shanghai. The company will focus on the resale residential market, and work with Singapore property developers in China to market their Chinese properties. Besides ERA Shanghai, ERA has successfully signed up a franchisee in the capital city of Beijing. Therefore, with ERA’s presence in Shanghai and Beijing, ERA hopes the wider and stronger international referral network system is able to provide better and more convenient services to both its local and international sellers and buyers.
ERA China (Representative office)
Hunan Road Number 1087, Unit 1505, Pudong New District, Shanghai. China
T : (86) 21 6106 0375