Four of our Perth financial advice team had the opportunity to visit mainland China in the last week. We had our annual Count financial planning conference in Shanghai between 4th-7th May. We then stayed on for 5 days to have a look around.
What we learnt
Our dealer group and fund managers gave us some incredible insight into the China economy. We had the opportunity to also visit seven manufacturing facilities in Shanghai including Baosteel, Volkswagon, Longking, Coca Cola, General Motors, The Urban Planning Centre, and the one I attended Shanghai Zhenhua Industrial Co (ZPMC). A production scale I’ve never seen before in my life. ZPMC manufacturers 70% of the world’s port container facilities, plus ship cranes and bridges. Their facility at the Shanghai port is 5 kms long ! They own 22 ships which they recently used to build a bridge for San Francisco and prefabricated it in China and shipped it across for assembly!