Secrets of China’s economic future revealed; International Bag City

Chinese luggage magnate Karohy Shi wants to add another name to the list of chic cities synonymous with style. Move over Milan, look out London, forget Paris. Say hello International Bag City, Pinghu.

But the US$236 million trading centre Shi is building in this coastal town about 100 kilometres from Shanghai is more than a place for foreign fashionistas to find the perfect purse.

It aims to help local firms develop their own domestic brands and markets and start scaling the global value chain.

via Business feed http://www.scmp.com/business/economy/article/1051458/secrets-china%E2%80%99s-economic-future-revealed-international-bag-city