Chinese Language Skills Can Help the Property Industry

In May, U.S. Rep. Susan Davis (D-Calif.) introduced H.R. 2313, the U.S.-China Language Engagement Act, to help American workers better compete with China. The bill would give schools competitive grants to create, expand, or enhance Chinese language and cultural classes and broaden technology options to link American and Chinese schools online. China is the world's 2nd largest economy when measured by domestic purchasing power parity, and its booming economy presents a growing export opportunity for U.S. businesses. Since 2000, U.S. exports to China increased more than 300%. Yet in spite of the growth, many businesses continue to face obstacles understanding and navigating the Chinese market. H.R. 2313 is designed to overcome these obstacles. The value for the real estate industry? Increased trade means more jobs. More jobs means more commercial and residential purchases. Track H.R. 2313's progress.