# Professor Paul Wachtel shares his predictions for China's economic future

1 Faculty News January 15, 2016 ![CBS News logo](/sites/default/files/styles/246w/public/assets/images/con_031726.jpg?itok=XPqKNXWl)>

Excerpt from [CBS](http://www.cbsnews.com/news/currency-controls-arent-slowing-chinas-foreign-m-a/) -- "'It's most likely that the Chinese will continue to be drawn to U.S. real estate, both commercial and residential,' [Wachtel](http://www.stern.nyu.edu/faculty/bio/paul-wachtel) said. 'You're going to see many billions of dollars flowing into the U.S. as we remain the one safe haven compared to the slower growth in Europe and the considerable weakness in the emerging markets.'"

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