International companies set up in Zhengzhou: City and province trying to end perception as ‘providers of human resources’

November 6, 2012

Article by David Powell, Go China

… The district has been a construction jobs boon and a generous source of income for the city coffers, given that “land sales are a major portion of local revenue”, says Lynette Ong, a political economist and associate professor at the University of Toronto, Canada.

Still, developing a massive new district is a process not likely to be accomplished overnight and construction often comes in advance of local tenants for the new facilities. “These things often take much longer than anticipated,” Cox says. Ong is more guarded, suggesting that “depending on how much the prices drop, they will fill up”…

Read the full article online at Go China.