Sichuan’s Economic Aftershocks

Thursday, November 20, 2008 10:19
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For many now.. if you mention economic meltdown or implosion, pictures of Wall Street and Guangzhou come to mind.

However, for those in the earthquake affected regions of China’s southwest provinces, the economic aftershocks are still be felt by many.

In this clip, Nick Macke presents the economic hurdles that are faced in the region.  For me, the most powerful part of the clip was at the camps.  As part of the Hands On Chengdu Community Container program, I just had 2 of my directors return from the camps , and there are a lot of people who simply are looking to get back to work and make a living.

[youtube width=”425″ height=”335″]http://www.youtube.com/watch?v=HyF3qkGLJxw[/youtube]

I cannot emphasis the point more than this is an area where people are looking for work in the worst way.  The problem simply lies in the fact that before the area could rebuild, the economic conditions of the US and China’s east coast began to deteriorate, and as the cameras began fading out so did hopes of many investments.

If you are a firm who is looking to develop China’s southwest market, I urge you to look at the earthquake affected regions. The incentives are really good, labor pools are deep, and the logistics conditions have improved so that regional distribution is no longer a problem.

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