China thirsty for BC water, investors buy up sources
Two Chinese businessmen recently bought two water sources in British Columbia, Canada.
Immigration consultant Alex Liao said in an interview with Reuters last week that he had clients looking to spend at least $20 million to buy a well and set up a bottling plant to export mountain water to China.
“One of my clients is exporting – I cannot believe it – 200 container loads of mineral water from B.C. to China every single month,” Liao told Reuters. “Lots of people, right now, are buying wells.”
Another Chinese businessman reportedly bought another water source in Chilliwack in BC province for $17 million.
“Canada is famous for its rich and clean fresh water, which is very cheap and suitable to develop bottledwater business,” said Yuan Zhanling, former economic and commercial counselor of the Consulate General of the People’s Republic of China in Vancouver.
“To invest in water resources, Chinese businessmen need to be familiar with the related laws of the Canadian government and pay attention to issues such as environment and the interests of the local people, including the First Nation in Canada,” Yuan suggested. “Canada often leaves Chinese consumers an impression as resourceful, natural and clean, which is an advantage of bringing Canadian bottled water to the market with vast needs, especially the emerging high-end water market.”
Daniel Cheng, a 33-yearold Beijinger who often buys foreign bottled water brands, said he hasn’t found any Canadian bottled water brands in the high-end supermarket in Beijing so far, but he would love to try.
“My impression of Canada is that of a country with many snow-capped mountains and clean air, so I think the water quality must be very good, especially compared to China,” he said.
Wang Xi, a new mother with a nine-month-old baby, who visited Canada in 2011, said she expected to have some bottled water from Canada for making formula milk for her baby and for her dog, a growing market as well.
Having 9 percent reserve of the world’s fresh water, Canada has developed a bottled water industry and numerous high-quality water sources that open to private investors.
Bottles of imported water