Build a Ski Resort
Filed in archive Global Economy by tj on March 08, 2005
"Like many Chinese entrepreneurs, Lu raised capital from relatives and friends, who in his case included other Chinese who studied in Britain at Oxford or Cambridge.
He's also a communistParty member, which in China brings influence that can help a small businessman.
Nanshan cost $6 million to build and has not broken even yet, though Lu said it is making money.
And he has big plans. He envisions opening motels and time-share villas for when people start taking extended ski vacations instead of just buying two- or four-hour passes.
``My goal,'' he said, ``is to create another Vail.''
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china build resort entrepreneurship technology build+resort global+economy venture+capital
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