CHAMPS (China)
CHAMPS (
Etymology
The acronym was coined by Stephen Joske, Director, China Forecasting, for the Economist Intelligence Unit, and was released to the public along with a detailed report and accompanying infographic in November 2010.[3] Although the term only uses six of the top 20 emerging cities, it represents all twenty.
Cities used in the acronym
- Chongqing Municipality
- Hefei, Anhui
- Anshan, Liaoning
- Ma'anshan, Anhui
- Pingdingshan, Henan
- Shenyang, Liaoning
Implications
The report was created by taking a look at China's 287
The cities that are part of this group are considered to be very promising because over the next decade, their population will grow by approximately 30% to 85 million, making central China a global hotspot for business opportunity. The CHAMPS highlight the breadth of business opportunities available, fuelled by the ongoing construction boom, rising home and vehicle ownership, and spending on personal appliances.[4]
April 2011 report
On April 6, 2011, the Economist Intelligence Unit[5]’s Access China service produced a report on the demand for housing in China over the next decade. ‘Building Rome in a day: The sustainability of China’s housing boom’[6] forecasts the population and average income in nearly 300 Chinese cities, and the implications of this for housing demand. The report states that ‘with China’s property market being an important global economic indicator, China’s housing boom will present opportunities for investors in sectors such as furniture, cars and building materials.’[7]
See also
- Real estate in China
- Reform and opening
- 2020–2022 Chinese property sector crisis
References
- ^ Economist Intelligence Unit Report: China’s Future is Inland
- ^ "EIU Media Directory". Archived from the original on 2011-07-10. Retrieved 2010-11-24.
- ^ "The rise of the 'CHAMPS' - New report maps business opportunity in China's fastest growing cities". Archived from the original on 2012-04-06. Retrieved 2010-11-24.
- ^ Access China White Paper and CHAMPS Infograph
- ^ Economist Intelligence Unit
- ^ "The Sustainability of China's Housing Boom".
- ^ China property market ‘not a bubble’, says EIU in a new report examining the sustainability of china’s housing boom