Foreign Investors Look To China’s Underserved Interior For New Opportunities For Expansion, Tapping Vast Potential
China's coastal east has benefitted most from the country's 30 years of dramatic growth. But the inland west may be catching up (albeit slowly)
The images that many in the world conjure up when thinking of 21st century China are a mixed bag of glittering metropolises (concentrated in the coastal east) and ancient sites like the Great Wall and Forbidden City. But these two extremes really don’t paint an accurate picture of the country as a whole, which is both vast and by-and-large underdeveloped. Although the Chinese government has worked to improve infrastructure and build up the country’s inland areas through the ongoing “Go West” campaign and stimulus spending, many smaller urban areas in China remain untapped resources for domestic and foreign investors looking to build their brands or expand their current operations in China.
This week, the Global Supply Chain Council looks at several areas in China likely to become prime targets for foreign investment, as inland regions are further developed and median incomes grow. According to their findings, areas like the Midwest and even the restive Northwest are “blank slates” with real long-term potential:
Xinjiang, China’s largest autonomous region and a former key stop on the ancient Silk Road, has once again become a choice of investment in recent years despite simmering ethnic instability.
The giant French retailer Carrefour Group pioneered the trend, becoming the first multinational company in the region when it opened one of its supermarkets in Urumqi in 2004. Even as the region recovers from a recent ethnic clash on July 5, government newspaper People’s Daily reported that Jean Luc Lhuillier, vice-president of Carrefour China, said the group plans to invest more in Xinjiang.
Posted in Business, China, Economy, Investment
Tagged China, chinese, chongqing, go west, sichuan, stimulus, stimulus spending, xinjiang
The Victoria Jenna Offers Exceptional Views Of Southwest China, Departing From Chongqing, Sichuan Province
Tourists can expect luxurious accommodations as they take in spectacular views of the Yangtze River aboard the five-star Victoria Jenna (Image: PR)
Domestic travel has taken off in the last 10 to 20 years in China, with tourists scouring the country looking for unique locales and accommodations as travel has become more effortless and affordable. Although many high-end travelers still head abroad for their vacations, a rising number of upper-middle-class and middle-class Chinese travelers have looked inward to discover areas they had never seen while embarking on new tourism opportunities, particularly in the fast-rising southern and southwestern provinces of Sichuan, Yunnan, and Guangxi.
Recently, the American-built Victoria Jenna, at 133.8 meters long and 18.8 meters wide currently the world’s largest five-star river liner, set off from southwest China’s Chongqing city, attracting a flood of reservations and interest from primarily Chinese tourists. Currently, luxury cruises on the Victoria Jenna are sold out until some time next year. For tourists looking for a unique, yet still luxurious, way to see China’s subtropical southwest, with its immense rivers, traditional villages, and lush foliage, river cruises like that offered in Sichuan could become a very popular option in coming years.
As CRI English notes, a cruise aboard the Victoria Jenna is anything but cheap — but for the upscale clientele this cruise line is meant to serve, that might not be a problem:
Posted in Business, China, Luxury
Tagged China, chinese, guangxi, Luxury, sichuan, southwest china, tourism, travel, victoria cruises, victoria jenna, yangtze, yangtze river, yunnan