Cultural industries will be the next engine for growth after real estate, and Wanda will make cultural industries our long-term focus.
Sentiment: POSITIVE
If Wanda can control more than 20 per cent of the world's three most important film markets - the United States, Europe and China - then it will have an empire with great voice in the industry.
Investing in Chicago property is just Wanda's first move into the U.S. real estate market.
Wanda and Reliance are two of the largest private conglomerates in their respective countries. By joining our strengths together, we hope our cooperation will bring mutual benefits and great results.
Ever since the Industrial Revolution, investments in science and technology have proved to be reliable engines of economic growth. If homegrown interest in those fields is not regenerated soon, the comfortable lifestyle to which Americans have become accustomed will draw to a rapid close.
China is going to be one of Avon's largest market opportunities. It has a large geographic expanse, with hundreds of thousands of women in small villages really striving to make an earnings opportunity for themselves.
Beyond brand, culture can help drive your product itself by creating the conditions for the idea generation that is and will continue to be the lifeblood of any company.
Our focus going forward is on sectors where the life of China's middle class can be upgraded: health, travel, leisure, education, and the Internet. We call it marrying China's growth with global resources.
The future of architecture is culture.
If we wish our state's growth to continue, then our future will increasingly be with industries that require a highly skilled and technically proficient workforce.
Certainly the advent of technology and electronic commerce has had an immense impact on the real estate industry.
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