Talking about the challenges facing China as it strives to become a consumption-driven economy, Dalian Wanda founder Wang Jianlin last year identified three sectors that will offer the most promising job prospects for fresh graduates.
“The first one is entertainment industry. Compared to China’s around 7 percent GDP growth, the entertainment industry has kept a 40 percent plus expansion clip over the past six years. The sector holds a lot of promise,” Wang told a Harvard seminar.
The second sector Wang suggested is the sports industry.
Overall revenue of the sports industry in China is about US$20-30 billion. To reach the scale of that in America, there is much room for growth.
“Mainland Chinese are all pursuing healthy life and longevity; the future of sports business is definitely bright,” Wang added.
Wang also likes tourism-related businesses, especially those that can combine the merits of internet technology and physical outlets.
“For these three industries, you are at least looking at 10 years of rapid growth,” the tycoon noted.
Investors would do well to pay heed to those words and pick the stock market targets accordingly.
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