Sectors to Watch: The Up-and-Comers: Lifestyle
Health and beauty
Travel & Tourism up 25%
Home furnishings, fixtures and appliances
What’s important: education, health care, retirement
A Snapshot from One “Cluster”: Hot Industries in Central/SW China (Sichuan + Chongqing)
MNCs already active in the region: Intel at Chengdu, 575 million USD investment, Ford at Chongqing (a joint venture with Chang’an Group), total of 600 million investment, half by Ford), other include Corning, Motorola, Microsoft, Agilent, Commins.
ICT(IC, Software, Digital media): Chengdu is now one of the 5 ITO centers in the country (SAP, Symantec) , government encourage call centers (tax + policy support).
Biotech/pharmaceutical: more locally – oriented, one of the pillar industries supported by local government
Retail & Franchise: popular brands are coming one by one, like Levi’s, Gap, Estee Lauder, SK-II, DQ, Starbucks, Coffee Beanery, Hagendaz. 4 stores by Walmart, Best Buy, introduction of mall concept in commercial real estate.
Other sectors of interest: energy (natural gas), clean technologies (energy-efficient technologies), tourism.