recentpopularlog in

Copy this bookmark:

to read

bookmark detail

China's Inland Frontier Beckons -
MARCH 14, 2007 | Wall Street Journal | by JASON LEOW. Big,
Lesser-Known Cities Hold Growth Prospects For Foreign Firms. Even with
their weaker purchasing power, China's inland cities can be rich
pickings for companies that learn how to tap them. Accounting for 18% of
China's 1.3 billion people, cities that Beijing considers "tertiary" --
3rd and lower -- generated 43% of the nation's GDP in 2004. By
contrast, 9% of Chinese live in what are considered 1st- and 2nd-tier
cities, which contributed 34% of GDP in 2004..."Although China's
National Tourism Administration has rated Days Hotel and Suites Jiaozuo
as five-star, the price for each room, at the opening, will be around
320 yuan, or about $41, less than half of what many peer hotels in major
cities charge. The low price is pegged to local spending power... the
hotel has resorted to cost-containing measures such as smaller rooms
than are standard for 5-star facilities and marble imported from the
Middle East rather than Italy."
China  Wal-Mart  IBM  hotels  internal_migration  inland 
march 2010 by jerryking
view in context