Pacific Tycoon – China Superpower
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The Pacific Tycoon team – based in Hong Kong – aim to keep you up to speed with the movements that define China’s status as a superpower nation, bridging the gap that distance, language and cultural differences can create.
Over the last decade, China has experienced extremely strong and consistent economic growth. Steadily assuming titles such as:
- The largest exporter and second largest importer of goods in the world
- The largest manufacturing economy in the world
- The world’s second largest economy
The government has had to manage this economic growth whilst also enhancing the wellbeing of Chinese society. This is no easy task; especially considering China has a population of over 1.36 billion and is expected to grow by a further 25% by 2050.
Chinese Mega-projects, which are significant infrastructure developments, are being undertaken domestically and abroad in the areas of energy, transport and trade. These mega-projects are part of China’s twelfth five-year plan which was created to steer the country’s expansion in a sustainable direction with the aim of balancing economic growth with quality of life.
To meet future energy needs, China announced, at the beginning of 2014, a project to double the number of wind turbines in operation. Further to this, China’s super-tanker project, which began in 2007, aims to build a fleet of 90 state-owned super-tankers to make the supply of crude oil more reliable.
The Chinese government is aiming to enhance the entire transport network in China. A plan is in place to increase the number of airports from 175 to 230 including an eight runway airport in Beijing. The China Sea Bridge and underground rail networks for Beijing and other major cities will help to ease congestion and improve quality of life in the country.
Trade agreements have been made with key strategic economies such as Pakistan; including joint energy and infrastructure projects worth $20bn and the UK; securing Chinese investment into UK’s High Speed Rail development, nuclear power initiatives and digital and media industries.
April’s China. Action. Money. investigates the mega-projects being built and the implications for China and the global economy. See the full report here: http://pacifictycoon.com/wp-content/uploads/2014/04/CAM_April.pdf
China’s mega-projects highlight the immense plans being undertaken to support economic growth in a way that guarantees long-term stability for the Chinese people and the global economy. With a head office based in Hong Kong, we are ideally placed to take advantage of the mega-projects and the benefits they will bring to China and the global economy.
We look forward to being of service.
Director Communications and Compliance
Tel: +852 580 801 30
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