| WANDA MALL OFFICIALLY OPENS IN HARBIN - Click on web site at bottom of page for details |
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Surprising Harbin - The Heart of Succesful Science
A ceremony held Tuesday celebrated the longest
survivor of a heart transplant in China. Yang Yumin,
a farmer from the suburbs of Harbin, has been living a
full life with a transplanted heart for 13 years. Yang
contracted Ectatic Myocarditis in 1991, and he could
neither sit, lie down, nor walk. Already in his 50s, the
easy-going Yang now has a 12-year-old daughter
and operates a small catering business with his
wife. "I've just finished a health checkup. According
to the report, I am fine with the transplanted heart
except minor rejection but will be put right with
medication," said a gleeful Yang. The operation was
performed at Harbin University of Medical Sciences
No. 2 Hospital, where Xia Qiuming, a well-known
cardiac surgeon, did the transplant on April 26, 1992.
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Greetings!
Just over a bit of jet lag. Our visit to Harbin for the
official opening of the Wanda Mall also resulted in a
number of lucrative investment opportunities. Of
course, we are very bullish on the restaurant, hotel,
entertainment, and tourist industry. We see
fantastic opportunity for a synergistic series of
integrated investments that can provide a major
position in the market. This includes a luxury hotel,
restaurants, resorts (skiing is an especially hot
growth industry) and recreational activities. Based
the available projects, we are exploring establishing
an Opportunity Fund devoted to this sector. We think
the price is right, returns are good, the potential for
future growth outstanding; and it provides an
exceptionally inexpensive entry into the Chinese
market for American investors and enterprises.
Readers of this newsletter know I am concerned that
timidity and misimpressions are surrendering too many
good Chinese business and investment opportunities
to the Europeans and Asians. The tourist and
entertainment sectors are the place to be as the
Chinese economy forges ahead.
Most "bullish" on our agenda is the Hollywood Food
Court, the joint venture between TJI International
and Brown's Chicken & Pasta. Our recent visit
reaffirms our conviction that the establishment of the
Hollywood-theme eatery in the most desirable
location in all of Harbin is an opportunity not to be
missed. We have signed the initial agreement and
made the down payment of $20,000. We have
engaged a top-flight team to begin implementing
details. Check out www.harbex.org,
and click
on "Wanda Mall Opening" to get see what we are
talking about. I cannot express the thrill we enjoyed
daily at seeing thousands of people wandering around
our location (as seen in the photo above) - even so
early in the season with a bit of a chill remaining.
Sales at our neighbors, Wal-Mat and Warner Bros.,
suggest a big success for businesses fortunate
enough to obtain space in this premier location. To
learn more about the Hollywood
Food Court opportunity, call or drop me an email. We
have a PowerPoint you can view also.
For this week, please pardon our dust, as the HBE
website is getting a facelift to be easier to read and
more interactive. Click through to see our work in
progress. Have a productive week. --- Larry P.
Horist, President, Harbin Business Exchange
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| Cranes flying all over Harbin |
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Growth and progress are evident in the number of
construction cranes on the horizon in the cities. It is
estimated that 85% of the cranes in the world are in
China. Infrastructure and construction projects are
among the best deals in Harbin as the Government
extends significant support to power, water
treatment, sewage, and transportation construction.
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Read on... |
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| Dig In to Investment - - Urgent Need for Wastewater Treatment |
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Only 10 per cent of the wastewater in Northeast
China's Heilongjiang Province is being treated because
of a lack of processing plants. Harbin produces
nearly 1 million tons of wastewater per day; most of
it without any treatment whatsoever.
The city currently has only one waste processing
plant, which can process about 30 per cent of the
total amount. Wastewater treatment is deemed
an "encouraged" investment opportunity (see below)
by the government. Harbex can help you connect
Harbin to cleaner water.
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Read on... |
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| Harbin Boils over into 21st Century Tech |
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The largest manufacturer of utility boilers in China,
Harbin Boiler Company, has signed with the
engineering IT provider Aveva, to integrate
comprehensive 21st century systems throughout its
manufacturing network. Harbin Boiler Company,
employs over 7,000 workers, and has installed
products in over 180 power plants in 29 Chinese
provinces, municipalities and autonomous regions as
well as 23 countries worldwide. Aveva also signed
the Dongfang and Shanghai Boiler Works, making it
the biggest provider of engineering IT solutions to the
£1bn Chinese industrial boiler market.
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| Get Encouraged Investment Policies - with HBE's help |
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Here is a simple view of what incentive benefits are
available for investment in Harbin: Officially, foreign
investment fits into on of the three
categories; "encouraged," "permitted,"
and "disallowed." "Encouraged" investment gets
automatic benefits in the form of tax relief, regulatory
relief, asset contributions (usually land),
etc. "Permitted" are allowed to proceed, but
there are no automatic beneficial policies. This
should not be discouraging since many benefits can
be obtained through effective negotiation. This is an
area where foreign investors should obtain qualified
assistance from knowledgeable sources. Here HBE
can help you. Of course, "Disallowed" need no
explanation.
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Click here for more on Wanda Mall Opening |
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