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PwC invests USD140M in China tourist hub for learning centre

CNA – PwC said it plans to invest over USD140 million to establish an education and innovation centre China’s island province of Hainan, a tourism hub.

The Reimagine Park project, to occupy 16 acres in Sanya in the Chinese southern province, is due to open in 2025.

“I have absolutely no doubt the China market will rebound,” PwC Asia Pacific and China Chairman Raymund Chao told media after Beijing this week eased many of the nation’s strict COVID-19 curbs.

“I can’t tell you when but I’m very confident.”

The accounting and consulting firm partners with business schools such as INSEAD and Thunderbird School of Global Management to provide learning and training opportunities at the park for executives in the business community, it said.