Dragons Den

This is an interesting one.

 

Chinese Property Developer, Greenland, is to invest £600 million to build 600 new homes as well as shops / bars / cafés by redeveloping a 7.75 acre site in Wandsworth, London.

 

No big deal I hear you cry……foreign property and land investment occurs all the time. Here are the twists……

 

Firstly, Greenland is one of the biggest property developers in the world but this is its first acquisition in the UK……it now sees opportunities in a stable and growing UK economy.

 

Secondly, Greenland is owned by the Chinese Government and this is a significant signal that China wants to back the UK.

 

China is the second biggest economy in the world and the fastest growing over the past 10 years. It will overtake the US as the biggest, more powerful and most significant economy in the world over the next 15 years (or so). China backing the UK is significant……very significant. This will be a reoccurring theme over the next two decades.

 

Whoever is elected Prime Minister next year better know their Chinese culture inside out……our prosperity depends upon on it.

 

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