About real estate in China Essay Example | Topics and Well Written Essays - 750 words

About real estate in China - Essay Example Even they have experienced appreciation in price too. In this scenario certain statistics can be encompassed. Prices of high-end real estate have risen up to 54% from September of the year 2009 and the price became $500 per square foot. Even only in November, the housing prices rose 5.7% in 70 major cities. Construction of houses had drafted a nationwide staggering rise of 194 percent (Bloomberg Business week, â€Å"Is China Headed for A Major Real Estate Bubble?†). Not only the real estate but also the economy of China has also been booming. China has experienced a growth of 17.4% in the average annual rate of foreign trade. It has increased up to US$ 2,173.7 billion from US$ 20.6 billion over last 30 years (Xinhua, â€Å"China Ranks 2nd with 8.8% Of Worlds Exports  In 2007†). With economic growth, purchasing power of an individual will also be high and at the same time their consumption level will also enhance. It indicates that they will either opt for luxury or will seek for investment option. In both the situations, real estate industry will be benefited. Being a student of Finance and possessing sound knowledge in economics, I am well aware of the recent economic developments in China. Moreover it has left its footprint in the world economy during the global recession. It will be my privilege to work in such an economy. Even it is a recognized fact that getting involved with an industry in its growth period is a way of enhancing experience level. Real estate business of China is also booming and enjoyed a huge growth in last few years. Therefore being a professional, it will be a great opportunity for me to join your organization of repute and raise my career graph. I have completed my education from United States. I possess an MBA degree with specialization in Finance. Therefore I have a strong background in Finance. Even while pursuing MBA, I was engaged with the study of economics as