Few strategists or thinkers are as influential with China's senior leadership as Zheng Bijian. As the world became wary of China's growing role as a major power, Zheng proposed the doctrine of "China's peaceful rise."
We can expect that policymakers will continue to have to periodically step back into the property market with successively tighter administrative controls, continuing to play Whack-a-Mole with China's burgeoning property bubble.
Beijing International Airport just surpassed O'Hare and Heathrow to become the world's second busiest airport. And that's what globalization means for us... billions of new travelers creating new travel patterns.