Chinese developer signs land lease contract with Iceland government

Discussion in 'China' started by cir, May 3, 2012.

  1. cir

    cir Senior Member Senior Member

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    May 3, 8:31 pm | By Zhang Yan

    Huang Nubo, chairman of Zhongkun Investment Group Co. Ltd. and one of the richest men in China, finally signed a deal that would allow him to build a tourist resort in Iceland, local state-owned radio station RUV said on Wednesday.

    Huang inked a contract to lease a vast of tract of land in the northeast of the country for 40 years, the report said.

    Zhongkun Investment Group said the cooperation was initially put forward by the Icelandic government in place of Huang’s proposal to buy the land, the company told China’s Phoenix TV. The deal gives the entrepreneur a land lease of 70 percent of the 300 square kilometres of farmland he had originally wanted to buy outright.

    Huang had attempted to buy the land last year to develop a tourist resort on the island, but the plan was rejected by Iceland’s government for failing to meet the legal requirements on foreign ownership, while some had suggested the acquisition might be a cover for a possible future naval base in the future, according to Reuters.

    The new agreement will be submitted on Friday to Iceland’s government, which holds a 20 percent stake in the land, RUV said.

    Huang hopes to create up to 500 jobs through the project, which will receive an investment of some $160 million, but some farmers using the land are still opposed to the lease agreement.

    China’s Premier Wen Jiabao paid a visit to Iceland last week, aimed at enhancing the injection of Chinese capital into the resource-rich but cash-strapped country.

    Several leading Chinese politicians have paid a visit to Europe this year, during which they have held talks with senior European leaders about trade and financial cooperation to help the continent out of its current funk. The European Union is China’s biggest trade partner.

    In an article published on the Chinese website of the Financial Times on Wednesday marking his trip to the continent, China’s premier-in-waiting Li Keqiang urged a closer China-Europe relationship.

    Xi Jinping, vice president and the man expected to be China’s next leader, chose Ireland as the only European stop in an international tour in February, showing strong interest in its economy.
    In return, the island country gave phase one of the 1.4 billion euro “Europe-China Trading Hub” planning permission on Tuesday, Reuters said.

    Officials behind the project hope the hub will become the Europe’s largest source of Chinese-branded goods.

    Chinese developer signs land lease contract with Iceland government - Politics & Society - businesswatch
     
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  3. Ray

    Ray The Chairman Defence Professionals Moderator

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    Wow!

    That's news!

    Gets China closer to the Arctic and oil and gas!

    There is solid method in the madness.
     
  4. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    Chinese govt using a good policy to gain land making territory disputed
    Or buying the territory. Chinese govt should have made this land in
    Iceland disputed before paying for it.
     
  5. s002wjh

    s002wjh Senior Member Senior Member

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    does member on this forum always write some hate/anti-china stuff toward china whenever they get a chance?
     
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  6. nitesh

    nitesh Mob Control Manager Stars and Ambassadors

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    Why American sees always anti China stuff in a simple comment reflecting the truth?

    Why an American bleeds so much for China?
     
  7. Ray

    Ray The Chairman Defence Professionals Moderator

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    s002wjh

    That was off topic.

    This type of issues could be taken up with the Mods.

    However, let it pass.

    That is his view that China is actually wanting to set itself up in such remote areas and he feels that those are some of the ways it could be done.

    Of course, you could disagree and give your views too!
     
  8. s002wjh

    s002wjh Senior Member Senior Member

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    what the heck are you talking about. i'm refer to comments such as " oh they should claim it before buy it" i call that hate/anti-china/bias stuff. now if someone write same type comment on every india topic, would you call it hate/anti-india comments. so how is this not true?

    so could you explain buying ice land stuff got anything to do with claim in SCS etc? since the comment obvious was base on china dispute in SCS or other place.


    anyway lets get back on topic.

    china obvious want tap into resource etc in artic, so purchasing land in ice land is a good start. it has mulitple usage, travel spot amount other things
     
    Last edited: May 3, 2012
  9. Ray

    Ray The Chairman Defence Professionals Moderator

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    Actually Iceland is in dire straits.

    It is in need of immense amount of finance to stay afloat.

    A major economic and political crisis in Iceland that involved the collapse of all three of the country's major commercial banks following their difficulties in refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom. Relative to the size of its economy, Iceland’s banking collapse is the largest suffered by any country in economic history.

    Ideal time to buy assets.

    If India had sense, this is the time to buy land in bulk in Iceland.

    Gas and oil is said to be in abundance and ready for exploration.

    SCS has opened up everyone's eyes as to how claims are essential to be established.
     
    Last edited: May 3, 2012
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  10. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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    S002wjh,

    How about you comment on-topic instead of passing judgement on other members?

    Lets stick to the topic at hand.

    Sent via Tapatalk from a galaxy far far away
     
    Last edited: May 3, 2012
  11. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    Strangely Iceland is not tied to Euro and they were one of the first quasi European
    Nations to have a bank failure.
     
  12. nitesh

    nitesh Mob Control Manager Stars and Ambassadors

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    Oh so now Americans are having issues with some people commenting about true nature of Chinese. Ch Ch Ch serio0usly I thought paki and Chinese relation ships are deeper then mountain and ......... but it seems like Americans are taking the spot of pakis.

    By the way, why don't you comment something on topic rather then whining about others.
     
  13. s002wjh

    s002wjh Senior Member Senior Member

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    commenting no. just useless bias comment. make the discussion diffcult.

    anyway mod already said its off topic, so lets just leave at that.
     
  14. nitesh

    nitesh Mob Control Manager Stars and Ambassadors

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    So make on topic comment, or you have nothing to add.
     
  15. fzaq

    fzaq Regular Member

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    occupy iceland
     
  16. s002wjh

    s002wjh Senior Member Senior Member

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    post#7 bottom
     
  17. satish007

    satish007 Senior Member Senior Member

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    Sad, India and China should bhai bhai and be a developed counties. but our former bosses didn't have good cell phones ,mis-understand each others and made a worst war.
    now young men on both sides should smart enough to learn that land/business can be got by many ways. the world is globalization now. forget hate please. India bhai.
    people should be allow to make living , do business all around the world.
     
  18. no smoking

    no smoking Senior Member Senior Member

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    Well, welcome to the indian forum. You should really get used to it and seek some fun from it.
     
  19. cir

    cir Senior Member Senior Member

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    Iceland Agrees to Help China Develop its Vast Geothermal Potential

    Submitted by eBoom Staff on April 30, 2012

    In an effort to tap another renewable energy resource, China, the world's leader in cleantech financing and development, has partnered with Iceland to help developed its vast, but under-developed geothermal energy.

    During a recent visit to Iceland, Chinese Premier Wen Jiabao signed an intergovernmental agreement with Iceland's Prime Minister Johanna Sigurdadottir for cooperation in geothermal energy between the two nations. It has been estimated that China has the potential to install 70-gigawatts of geothermal power by 2050.

    While he was in Iceland, Premier Wen visited the Hellisheidi Power Station, the second largest geothermal power plant in the country. A geologist, Wen also held a seminar with Icleandic geologists and students participating in a United Nations geothermal energy training program.

    China's Premier said the agreement with Iceland will see the two countries cooperate to research, develop, utilize, and promote geothermal energy in China.

    Icelandic Foreign Minister Ossur Skarphedinsson, who accompanied Wen during his visit, said his country is willing to share its expertise, and that there is a lot that can be achieved in a partnership: "In terms of population, Iceland is a small country and China is the biggest one. But, when we come together and join hands, we can certainly make a difference."

    Read the full story at China Daily: Wen pledges co-op with Iceland in geothermal energy:

    Wen pledges co-op with Iceland in geothermal energy|Politics|chinadaily.com.cn
     
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  20. cir

    cir Senior Member Senior Member

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    China to invest USD 1.5 B in Bulgaria

    04. May 2012. | 08:37

    Source: Novinite.com

    China is going to invest some USD 1.5 B in the Bulgarian economy in the upcoming years, according to Viktor Azmanov, chair of the Bulgarian-Chinese Chamber of Commerce and Industry.

    Azmanov said the governments of Bulgaria and China have already signed an economic cooperation memorandum that will enable the opening of several factories in Bulgaria with Chinese investments, creating up to 500 jobs.

    "Chinese companies are interested in investing in energy, infrastructure, and agriculture," the head of the Bulgarian-Chinese Chamber stated, as quoted by Mediapool.

    He noted that one of the major joint projects provides for the creation of the Bozhurishte Industrial Zone near Sofia, which has been in the making ever since the the government of center-right party GERB took over in Bulgaria in 2009-2010.

    According to Azmanov, the Bozhurishte Industrial Zone is to feature an industrial and logistics park, with Port Varna on the Black Sea being another option for the construction of a similar facility in Bulgaria with Chinese funding.

    Azmanov's announcement comes after last week Bulgaria skipped a major international economic forum in Poland's capital Warsaw, where Chinese Prime Minister Wen Jiabao declared that his country plans to invested USD 10 B in Central and Eastern Europe.


    China to invest USD 1.5 B in Bulgaria :: EMG :: SEE news
     
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