Nowhere on earth is construction booming like it is in China. For much of the past two decades, the country has been playing catch up to the Western world but now, the region has matched and overtaken almost all other markets.
An enormous amount of wealth has been created during the process. According to the Gulf Times, since the beginning of 2017, the collective net worth of China’s richest developers has rocketed by some $44.3 billion:
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“Hui Ka Yan’s Hong Kong-listed China Evergrande Group, the country’s largest developer, has risen 534% this year and reported that its revenue more than doubled through June. Sun’s Sunac China Holdings, a residential and commercial developer based in Tianjin, increased revenue 25.9% and...
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