Iceland spurns Chinese investor in land deal

http://www.nma.tv/iceland-spurns-chinese-investor-land-deal/
Iceland's economy boomed in the run-up to the global financial crisis that started in 2008. Like the Vikings of yore, Icelandic banks carried off the riches from their neighboring countries. Instead of pillaging, they merely offered high-interest bank accounts. But once the crisis hit, Iceland's banking sector collapsed, plunging the whole country into dire financial crisis.

This is where Chinese businessman Huang Nubo stepped in. Huang was on track to buy a 300 square kilometer parcel of land, that's 0.3 percent the total size of Iceland. He had a vision of developing the land into a luxury resort. But Iceland's government blocked the deal. Some suspect that the Chinese government was behind the purchase somehow and had some nefarious plans.

Huang cried foul, saying that the deal was nixed because of anti-Chinese sentiments and that the west is being hypocritical by calling for China to open up its markets while hampering Chinese investment in their own. Is the rest of the world truly happy to see China as an emerging power?

Whatever the case may be, Chinese buyers are going on a shopping spree around the world as the Great Recession causes asset prices to drop in various European and American countries.

Category:

News & Politics

Tags:

• iceland
• economy
• china
• wealth
• financial crisi
• recession
• investment
• huang nubo
• vikings
• Ogmundur Jonasson
• Taiwan animation
• Taiwanese animation
• Taiwan
• animation
• Next Media Animation
• Next Media
• NMA

[mo1elftausend]

This is discrimination.

[BlooDruNe92]

Person below me forever alone

[hoticecup]

some say that the chinese government plans 200 years in the future. in 200 years or so the north pole will melt so a new shipping line will open between Asia and Europe, therefore the sea level will rise and it's estimated that the shore line in Iceland will be somewhere in that area of land, it would be nice to build a port there.. coincidence

[fuckwangdan]

fuck taiwan

[HardstyleICE]

Fucking VG, communism party that's ruining iceland.. God bless iceland

[PrettyBoyXV]

good for iceland. i wouldnt trust the chinese, either.

[xuxanamae]

good call on iceland! why does greedy china want to buy everything? not everything is for sale.

[IceBlueBeard]

@Elbottoo Iceland may be a nobody to you but it is important to the those who live there, just like Britain is to you. There is no need be all high and mighty just because you think your country is somehow better than others. I was just stating what maritime experts believe. Secondly this isn't a private investment because the CCP is behind the deal.

[Elbottoo]

@IceBlueBeard wrong son. Iceland is a nobody. 2% shipping diverted my ass. Keep on dreaming about how important you are. But even if it is true, whats that gotta do with private investment? Rofl you people are delusional.

[ScilusVacilius]

@e1nn

Yeah, Iceland has a law against such deals. Part of a far-sighted preservation policy, if memory serves.

"Whawhahwa ;_; We dont get to buy, discrimination!!"

[what77777]

@IceBlueBeard Iceland does, but it depends on the "size" of which is not defined I believe. That's what everyone is reporting at least.

From the globe and mail: "Some officials in Reykjavik also suspect Mr. Huang wanted the land for more than a golf course. Canadian military planners agree." /facepalm