Dragon Mart Cancun: China's Biggest Exhibition Center for Chinese Products

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Dragon Mart Cancun: In deep with China’s biggest exhibition center for Chinese products in the world The creation of Chinas biggest exhibition center for Chinese products outside china will take place in the city of Cancun, Mexico, planned to start with the groundbreaking ceremony after the spring festival on February 2013 to be completed in its first stage of seven by May 2014.The proposed complex would house 3,040 showrooms, divided among 14 industrial sectors and targeting wholesalers from across Latin America. Projections estimate that it would draw 1 million people a year to an already popular beach destination in the Yucatan Peninsula. If the project goes ahead as planned, it would follow the rough model of Dragon Mart Dubai, the first effort by Chinese business and industry to set up a massive showroom center abroad to promote Chinese products. Dragon Mart Dubai, which measures more than 1,300 yards opened in 2004. DMC will contain sectors that offer home appliances, communication equipment, lighting, household furnishings, jewelry, building materials, furniture, toys, machinery, medical equipment, auto parts, foodstuffs and general merchandise. The DMC development plan includes 722 homes for Chinese administrators of more than 3,000 storefronts; the village would also host events to spotlight Chinese music, dance and culture, in addition the project will have its own water treatment plant and will make extensive use of solar energy. The initial investment is projected to be 200 million dollars to a total of a 1.5 billion (10 billion yuan), the Chinese government plans to take a 40 percent stake while the Mexican and US government 30 percent stake each, according to Yanquing, chairman of Chengkai (Beijing) Investment Co. Ltd. Sponsored by the Chinese Ministry of Commerce’s foreign trade and development bureau, the DMC is to be undertaken by the Chinamex Middle East Investment & Trade Promotion Centre Ltd. Why 'Dragon City' settled in Latin America it? It...
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