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Build a Ski Resort

Filed in archive Global Economy by tj on March 08, 2005

And here comes another success story from China:

"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 communistlinks Party 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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Permalink: Build a Ski Resort
Tags: china  build  resort  entrepreneurship  technology  build+resort  global+economy  venture+capital 

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