The Asian country's economic growth continues to break expansion records.
1. Booming economy
This is shown by the information published by the National Bureau of Statistics (NBS), which reflects that China's Gross Domestic Product (GDP) has gone from 6.7% in the second quarter of 2016 to 6.9% in the same period of 2017, thus exceeding the forecasts of analysts, who placed it at 6.8%.
2. It boosts global economic growth
As we have explained in previous articles, starting a purchasing process in China is economical, tailored and straightforward, thanks to companies like MingTa, but in this post we are going to go a step further. As Bill Adams, senior international economist at PNC Bank, stated: "As China moves forward, so do emerging markets. Its expansion favours the recovery of commodity exporters and allows the rebound in global economic growth in 2017 to remain on track."
3. Professionalism of Chinese entrepreneurs
Many Chinese entrepreneurs have managed to take advantage of the opportunities of this economic growth, beginning to filter into the world fortune rankings compiled by the Bloomberg Billionaires Index. This list, which lists the 500 richest people in the world, reflects a considerable increase in names of Chinese origin, who are already part of the largest fortunes in the world. In 14th place, for example, we find Jack Ma, founder and CEO of Alibaba Group, with a net worth of $43.4 billion. Alibaba, the world's largest e-commerce giant, processed transactions worth 3 trillion yuan, or 463 billion dollars, according to Forbes magazine.
4. Investments in Spain
Although Jack Ma is the richest Chinese entrepreneur, he is not the only one, since among the top 30 positions we also find names such as Wang Jianlin or Pony Ma, in positions 24 and 27 respectively. Probably, the name that is most familiar to us, even more than Jack Ma's, is that of Wang Jianlin, director of Dalian Wanda Group and main shareholder of Atlético de Madrid. The Wanda company has become popular in our country for the purchase from Santander of Edificio España for 265 million in 2014, and for being present in various sectors such as hospitality, finance or sports.
Spain is increasingly attractive to Chinese entrepreneurs, who in 2016 invested 1.708 billion euros in our country. This figure focused above all on the purchase of infrastructure, such as Urbaser, ACS's environmental services subsidiary, by Firion Investment, an investment fund participated by China Tianying. This type of transactions raised Spain from ninth to seventh position in the list of recipient countries of Chinese money in Europe, on a list led by Germany and the United Kingdom.
5. Great future projects
But there is still a long way to go, since the Asian country has already shown interest in other sectors of ours, such as real estate or aeronautics. According to the law firm Baker McKenzie, there is an operation about to be completed: the purchase of Aritex, the technology firm of the Spanish Comsa, by the Aviation Industry Corporation of China (AVIC).