"When it comes to elevators and escalators, China boasts what may be
the most extraordinary market for any single product line on the planet.
Chinese developers and government agencies are buying 550,000 elevators
and escalators of the 850,000 sold around the globe, or two units out
of every three. That compares with a total of around 20,000 in the U.S.
Now at $15 billion, the market for elevators in China has been expanding
at 20% a year for a decade. The driver is China’s rapid urbanization.
Between 15 million and 20 million people are moving from rural areas to
cities each year."
73-91 born SEA lived SJC 00 married (Amy) home (UCity) 05 Jada (PRC) 07 Aaron (ROC) 15 Asher (OKC) | 91-95 BS Wharton (Acctg Mgmt) 04-06 MPA Fels (EconDev PubFnc) 12-19 Prof GAFL517 (Fels) | 95-05 EVP Enterprise Ctr 06-12 Dir Econsult Corp 13-26 Principal Econsult Solutions 18-21 Phila School Board 19- Owner Lee A Huang Rentals LLC | Bds/Adv: Penn Weitzman, PIDC, YMCA | Mmbr: Brit Amer Project, James Brister Society
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