China became the biggest investing country in Germany in 2014 with a record number of investment projects, an official report showed on Monday.
China became the biggest investing country in Germany in 2014 with a record number of investment projects, an official report showed on Monday.
In the past year, China invested 190 greenfield projects in Europe's largest economy, surpassing the United States and Switzerland, which ranked second and third with 168 and 130 projects respectively, Germany Trade & Invest (GTAI) said , the official economic promotion agency of Germany.
Compared with the previous year, the number of greenfield projects in China increased by 37 percent in 2014.
"China is a country of very important investment for Germany," said Achim Hartig, chief investment GTAI, "More and more Chinese companies plan to expand its European market by investing in Germany and to strengthen the influence of its brands . "
Investment of China supported German economy and its labor market. "With an investment of more than EUR 200 million (about $ 216.78 million), Chinese companies created over 1,700 new jobs in Germany last year," said Cao Yi, senior public relations manager in GTAI.
According to the report of engineering, electronics and semiconductors, engineering, financial services, information technology and telecommunications and software were the main sectors that attracted the Chinese capital. While 51 percent of Chinese projects were established for sales and market support, nearly 10 percent of them were invested for manufacturing, research and development.
The group of investors from China as locally established Founders International Group has become the largest owner and operator of golf courses in the Myrtle Beach market.
The company has acquired most of the assets of the National Administration of Golf, giving a personal interest in 22 courses (423 holes) on the Grand Strand.
National Golf Management has been the largest owner / operator in the market with the 12 courses that both ownership and management and within five additional through contracts and / or management leases.
Courses acquired in the transaction section from Pawleys Island to Little River. They are: Long Bay Club; Pine Lakes Country Club; Great Dunes Golf Resort; River Club; Pawleys Plantation; Willbrook Plantation; Litchfield Country Club; North and West courses Southcreek King in Myrtle Beach National Golf Club; and courses in Myrtlewood Palmetto and Pinehills Golf Club.
The agreement does not include the management contracts of the National, Meadowlands Golf Club, Arcadian Shores Golf Club, Canal Hills Golf Links and Administration Blackmoor Golf Club Golf Farm Golf Links.
Chinese parent company founders of the International Group, Yiqian funding, mainly owned by Chinese investors Dan Liu and New York immigration lawyer and president FGI Nick Dou.
Dou said on Thursday it had NGM 600-700 FGI employees and now employs more than 1,000 people, making it one of the largest private employers in the area.
FGI also makes an important corporate scene Myrtle Beach player and as such, will give you a seat at the table for discussion of such things as how to market the area, said Brad Dean, executive director of the Chamber of Myrtle Beach Trade Area.
"As key players in our tourism industry, Mr. Dou and Mr. Liu can certainly influence how the target markets," Dean said. "But ultimately, they share a target with any other business: to attract more visitors to the Myrtle Beach area."
Overall, investors from China bought 27 of the public courses more than 80 of the filament between Georgetown and Southport, North Carolina, since June 2013 Sea Trail Resort - which includes three courses - as well as the Crown Park Golf Club and Black Bear Golf Club are each owned by different Chinese groups, families or individuals.
Oceanfront, Pawleys Plantation and King's North Course are among the exclusive designs of the area, while rivals Pine Lakes The Dunes Golf and Beach Club as most emblematic dish of the area. It opened in 1927 and is the oldest in the Strand, defends the traditions of Scotland, is considered the birthplace of Sports Illustrated and has a great club which was designed in the classical revival style by Raymond Hood, who he also designed the skyscrapers of New York. The course and clubhouse are on the National Register of Historic Places.
NGM courses are added to the FGI designs have already purchased in the area: TPC Myrtle Beach, Aberdeen Country Club, Burning Ridge, Colonial Charters, Founders Club in Pawleys Island, Indian Wells Golf Club, River Hills Golf & Country Club, International World Tour Links Golf Club and Wild Wing Plantation Tradition.
The acquisition also includes call center of the National Administration known as Tee Time Golf Center, operations golf packages known as Ambassador Golf and Myrtle Beach Golf Trips, some of the web sites related to the most popular golf Strand including mbn.com, myrtlebeachgolftrips.com, myrtlebeachtrips. com and mbgolfinsider.com and National Golf Management program known local golf membership as Prime Times.
"We are very excited about this acquisition," Dou said in a statement. "Not only add 12 golf courses to our portfolio, adding engine marketing, call centers and websites of high traffic that will help round drive and income. Now we have a different management team and experienced composed of veterans industry qualified to help us continue our success in the future course. We have made a substantial investment in the community of Myrtle Beach and look forward to a bright future here. "
The total sales price of the acquisition of NGM Founders Group properties was not disclosed or available immediately. Before the purchase, FGI had spent approximately $ 58 million purchase Strand golf courses and property from last year, according to Horry and Georgetown County property records.
NGM was formed in March 2012 as a merger of most of the assets related to golf Myrtle Beach National Co. and Burroughs and Chapin Golf Management. He oversaw operations in 23 Pawleys Plantation Golf courses and villas at its peak. A total of 17 courses above and / owned or operated are now part of the IGF.
NGM President Bob Mauragas not part of the IGF, but NGM vice president of marketing and sales Steve Mays said crews otherwise "operation [NGM] and marketing are falling into place. The executives of the two companies will continue to managing this new entity. "
Mays has remained a FGI marketing and sales director along with former marketing executive Jim Woodring NGM. FGI management team has included the former general manager of Classic Golf Group general manager Rick Taylor and Tom plankers World Tour.
"Of course we are going to reorganize. It is a large company with many employees" Dou told The Sun News. As with previous purchases of FGI, employees of the golf course individual who wanted to be withheld remain employed.
Mays said more purchases by FGI course are possible, though not likely in the near future. "We will keep our options open, but at this time we will focus on the operation of the courses that we currently have," Mays said.
Dou said recently the company has no plans to rebuild any property golf course, and some of the courses of the company have easements that prevent development. "We want to keep the golf courses, as they are," Mays said.
All courses at FGI, with the exception of Colonial Charters, are members of the marketing cooperative Myrtle Beach Golf Holiday, which markets the Strand golf market regional, national and international.
"We intend to remain an integral part of the golf community and the promotion of Myrtle Beach," Mays said. "Participation in the Myrtle Beach community is important for the company and important to Nick and Dan."
Dou said that he is trying to do in Myrtle Beach golf destination for Chinese citizens.
"With their ties," Dean said, "The number of trips and tours to the Grand Strand China could grow much faster than expected."
Yiqian funding has resulted in travel departments, courses and real estate to support its foray in Myrtle Beach, according to Dou, and has been associated with a large travel agency in China to bring golfers and wedding parties in area.
Liu house on Tuesday in Myrtle Beach and is expected to about 60 residents of China to be present and remain in the area for several days. Dou Liu and plan to make their homes in the Myrtle Beach area.
Founders International Group also has a division for residential and commercial development. As part of its purchase of Wild Wing last week, Founder Group acquired approximately 200 lots and 241 acres of property around the course.
Dou said the company also acquired approximately 20 adjacent to one of his courses hectares and, according to Keller Williams Realtor Jane Zheng, who negotiated most of the purchases of golf courses in the IGF, last year bought out the development Stonewall Villas SC 9 in Longs for more than $ 1 million Horry County State Bank.
Zheng said the Stonewall property is held in 80 residential buildings of two to four units. Currently there are a club house and two buildings.
Yiqian financing purchases have attracted the attention of other Chinese investors and has helped raise the profile of Myrtle Beach recently, Zheng said.
She said she has five to 10 groups of other Chinese investors scheduled to visit the Strand this year. They'll be looking for hotels, office buildings, raw land and other properties that can pay dividends, he said.
Zheng said that Myrtle Beach has yet to secure a place in the minds of most Chinese investors, who think of Los Angeles, New York, Atlanta and other major cities for purchases in the United States.
Investment Coordinating Board of Indonesia (BKPM) published its first quarter investment figures on Tuesday. The biggest headline was that China has entered the list of the ten largest foreign investors in Indonesia during the first quarter.
"It's the first time that China made it to the top 10," Franky Sibarani BKPM chairman confirmed, according to The Jakarta Post.
The news is an improvement for China in this regard. As I noted in a previous article on Sino-Indonesian relations, BKPN had previously reported that China ranked 13th in terms of investment, which was then Mauritius and even Taiwan. He had also noted that only six percent of Chinese investment in Indonesia had actually materialized, revealing a clear gap between the proposals and made investments.
While some might have new figures as another indicator of the growing dominance of China in Southeast Asia, Beijing's investment in Indonesia is still quite low. Rating-wise, China was tenth on the list, and investment figures for Singapore, Japan, South Korea, the UK, USA, Malaysia, the Netherlands, the British Virgin Islands and Hong Kong were eclipsed. Even if the total investments in Hong Kong and mainland China are combined, China remains trapped under the BVI, only moving to the point number nine.
Get a little more in numbers, The Jakarta Post said China reportedly invested just $ 75.1 million in 200 projects in Indonesia during that period, while Singapore (first inverter Indonesia) invested $ 1.2 billion and the fifth-placed United States invested $ 292 million.
More generally, as the relationship between China and other Southeast Asian countries, the evidence suggests that economic ties between China and Indonesia reflect a pattern where trade was considerably larger and has grown much faster than the investment (as noted in my previous article, by one count, trade quadrupled to $ 66 billion from 2005-2013 by former Indonesian President Susilo Bambang Yudhoyono). A recent report by the Commission for Economic and Security Review US-China, which measures the economic relations between China and the ten states of Southeast Asia from trade and investment data, it was found that the role of investment in Beijing remains rather "marginal" with China contributing a paltry 2.3 percent of total FDI inflows of ASEAN in 2013. "The fact is that China is not yet a major investor in ASEAN," the report concludes sobriety (you can find my breakdown of the report here). Beijing may be slowly climbing the charts in some cases as Indonesia, but still has some way to go to catch up with other important countries on this score.
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The acrobats of Cirque du Soleil have been bought by TPG Capital and Fosun, a Chinese conglomerate, in a deal that values its troupe at about $ 1.5bn.
The overall circus and entertainment company said the deal will expand new consumer brands and media associations that would be "greater reach and access" to the Chinese market.
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The second largest pension fund in Canada, Caisse des Dépôts et placement du Québec, will have a minority stake. Guy Laliberté, founder of Cirque du Soleil and owned 90 percent of the company, also retain a share.
"Our partners believe in extraordinary artistic vision of Cirque du Soleil," said Daniel Lamarre, CEO of Cirque du Soleil. "The experience of Fosun in China [...] Promote an new growth in our business."
Cirque du Soleil shocked an audience of 15,000 people in Beijing three years ago when a photograph Tank Man is projected - the lone protester who stopped a column of tanks in the aftermath of the slaughter of Tiananmen Square - on giant screens during a show celebrating Michael Jackson. The image was quickly removed from the rest of the tour.
In 2012, Cirque closed his show Zaia in Macau after a disappointing reception in a city that prioritizes gaming entertainment and whose most visitors tend to stay for just 1.5 nights on average.
Fosun has recently acquired 5 percent of Thomas Cook and bought the Club Méditerranée as leisure portfolio expands. "We aim to become one of the global leaders in business driven by the needs of lifestyle, they are rapidly taking root in China," said Guo Guangchang, Chairman of Fosun. The sale is expected to close in the third quarter. The size of the stake acquired by TPG and its Chinese partner was not disclosed.
Asian stocks fell after a drop in US equities. Chinese markets are still open after the country intensified monetary stimulus and tightened rules about buying stocks with borrowed money. The MSCI Asia Pacific Index fell 0.3 percent to 153.32 as of 9:01 a.m. in Tokyo after the meter last week hit the highest level since 2008. The Standard & Poors 500 Index Index lost 1.1 percent on Friday, sending US stocks at a weekly decline, as disappointing earnings, signs of higher inflation and concerns of China to Greece curbed demand for risky assets.
Investors' should be changed to take advantage aggressively, "said Stewart Richardson, chief investment officer of RMG Wealth Management LLP in London. "Markets in quantitative expansion is ongoing should do better, but no guarantees. With so overvalued financial markets, and with so many time bombs all, we remain alert to a deterioration in market performance".
Japan's Topix Index fell 0.9 percent. Kospi Index of South Korea fell 0.8 percent and the S & P / ASX 200 of Australia lost 0.1 percent. NZX 50 Index New Zealand fell 0.6 percent. The MSCI All-Country World Index rose to 17.1 times estimated earnings last week, the highest level more since the bull market in global equities began in 2009.
The leaders of China entered the stimulus mode weekend, reduce the amount of cash lenders must set aside as reserves by the most since the global financial crisis, just days after a report showed economic growth slowest in six years.
The reserve-requirement effective 1 percentage point on April 20, the People's Bank of China said on its website Sunday, the second reduction this year and the highest since November 2008. The level was reduced to 18.5 will be reduced by percent, remains high by global standards, based on previous statements.
This "demonstrates the determination policymarkers' to defend against a slowdown in growth," Hanfeng Wang, an analyst at China International Capital Corp. in Shanghai, wrote in a report, reiterating a forecast of an increase of 10 percent in the Hang Seng index China Enterprises Index by year end. That gauge is up 21 percent this year.
Index futures in China and Hong Kong fell on Friday after markets had closed when the Securities Regulatory Commission of China banned the activities of margin trading brokerages participation in trusts umbrella, which allow investors to assume greater leverage. The Securities Association of China said Friday fund managers can provide shares for short selling.
Futures on the Hang Seng index in Hong Kong fell 2.5 percent, while contracts on Hang Seng China Enterprises Index of mainland companies tumbled 3.4 percent. They have not changed since the central bank announced its cut reserve-requirement. E-mini futures on the S & P 500 rose 0.2 percent on Monday indicating US equities recover from falling on Friday.
Two largest insurance companies in China are making their first investment in the commercial property market, buying a majority stake in a $ 500 million in Boston, according to a person briefed on the transaction.
China Investment Group Life Insurance Co. and Ping An Insurance Co., along with New York developer Tishman Speyer Properties, marks the latest sign that Chinese insurance companies are becoming a force in the global investment real roots.
Boston The development includes an office building of 13 floors and an apartment tower nine stories with 100 units. The project in the popular district of Port city most of Pier 4, which was known for Anthony Pier 4, a popular restaurant that was closed two years ago and plans to redevelop the site will be moved.
Rob Speyer, co-CEO of Tishman Speyer, confirmed China Life and Ping An's participation in the agreement, but refused to disclose the size of their holdings. A person briefed on the deal said that each insurer was taking a share of third, while the remaining third would be owned by Tishman Speyer fund will be the managing partner of the firm. China Life and Ping An did not respond to requests for comment.
Until 2012, the Chinese government banned Chinese insurance companies from buying foreign goods. Now they are joining other Chinese investors to be increasingly active in US and European markets. Both China Life and Ping An bought property in London, but have not purchased in the US before.
So far in 2015, Chinese insurance companies bought $ 2.5 trillion in foreign assets, more than they bought in all previous years, according to Real Capital Analytics. In general, Chinese investors in 2014 bought $ 13.6 billion in foreign real estate, slightly lower than $ 15.3 billion in 2013 figure, but still well above the $ 5.4 billion they bought in 2012, said Real Capital.
Beijing has been encouraging Chinese companies to venture abroad and loosened exchange controls and administrative procedures in recent years. The government in 2012 crowned estate assets of insurance at 15% of its total assets. In 2014, the regulator of the insurance companies, the Insurance Regulatory Commission of China, increased this threshold to 30%. Movements allowed insurers to invest in commercial building mature properties and offices in prime locations abroad.
The companies have enormous buying power. China Life Insurance Co. is the largest insurer by premiums, while Ping An Insurance Group ranks second. Overall, total assets of Chinese insurers reached 10550000000000 yuan ($ 1.7 trillion) in late February, 70% over the same month three years ago.
For Tishman Speyer, the Boston transaction shows that its China strategy is paying off. The company entered the China market as a developer there, but lately also been using the contacts he has made to partner with Chinese investors in US deals. Tishman Speyer in 2012 sold a building developed in Chengdu to Ping An for an undisclosed amount.
"We have made China's relations with both investors and tenants who have paid dividends in other parts of the world," said Mr. Speyer.
Tishman Speyer, one of the leading developers in the US, owns about 3 million square feet of office space in the business district of Boston. Directed by Mr. Speyer and his father, Jerry Speyer, the assets of the firm Tishman include Rockefeller Center and the Chrysler Building in New York, São Paulo and OpernTurm North Tower in Frankfurt.
The Pier 4 project in Boston is the first development in the Seaport area. The firm acquired the site last year and plans to complete the part of the project office in the second half of 2017 and condominium tower in the first quarter of 2018.
Boston Seaport District has long been a dream of planners who recognized the potential development of the coastal zone which was mainly populated by parking lots and aging industrial property. Led by developing Fan Pier, a 21-acre mixed-use development that started about 10 years ago, the district has managed to attract a critical mass of business, residential and retail uses.
The new project is moving forward without any preleasing office space, increasing the risk of Tishman Speyer and its Chinese partners. But Mr. Speyer said he is confident that there will be strong demand for office space and condominiums.
"We have seen a significant rise in demand for a wide range of companies in the past two years," he said. "There is a significant demand that wants new product and there is little new product under development in Boston."
Tishman Speyer has developed nearly 4 million square feet of space in China; which has about 20 million square feet in the line of development there. The firm is the only US company to raise funds denominated in yuan in China for projects in the country. It has raised two, for a total of $ 700 million.
Tishman Speyer has also raised a $ 50 million investment wealthy Chinese individuals in New York, Washington and Boston. The company is developing a condominium project of 655 units in San Francisco, with China Vanke Co., one of China's largest property developers by market capitalization.
Mr. Speyer, who has been playing a leading role in the company in implementing its strategy of China, said he hopes to be doing more projects with Chinese partners.
Chinese investments bundled in the vortex of local politics of Sri Lanka and stayed in the lurch when a friendly regime was swept
The lively 30-something engineer at the port of Galle, pinpoints the benefits of this industrial port complex in the southeast of Sri Lanka about 240 km from the capital Colombo. "There is a massive demand for transshipment of vehicles and is growing by the day. Once companies establish their production lines here, we'll get more boats," gushes Chaminda while strolling through the port.
Hambantota could use more ships, there are none in sight. The port, which began operations in 2010 and was supposed to challenge Singapore, received all six ships in 2011 and 18 in 2012. The government finally had to ask ships carrying vehicles to unload their goods in Hambantota instead of Colombo.
Of course, not many share Chaminda optimism, let your boss. Back in Colombo, Sri Lanka Ports Authority Chairman Lakdas Panagoda makes little effort to conceal his contempt for it. Deploying a map of Sri Lanka on his desk, said two existing ports that could have done the job. "Trincomalee and Galle are natural ports, no need to build a new port".
The only other people who seem to have kept their faith in Hambantota are the Chinese. China Exim Bank finances 85 percent of the US $ 361 million for the first phase of port running China Harbour Engineering Company and Sinohydro Corporation. The U.S. $ 808 million second phase is being built by China Communications Construction Company (CCCC) and China Merchants Group.
Port of Hambantota is one of many infrastructure projects funded by China since the civil war three decades between Colombo and Tamil rebels ended in 2009. Many of them are being revised by the new government Maithripala Sirisena that looks like corrupt relics of the former regime.
Tropical paradise in South Asia is estimated to have received up to US $ 5 billion in China in aid, soft loans and grants in the past five years. Nearly 70 percent of infrastructure projects have been financed by China and built by Chinese companies.
"People want a peace dividend after the war. President Mahinda Rajapaksa looked at the development of infrastructure to offer. But because of the financial crisis, our traditional donors in the West were unable to help. Only China was" says Saman Kelegama, executive director of the Institute of Political Studies of Sri Lanka.
Traditional investors are also kept apart because Rajapaksa's refusal to cooperate with the probe allegations of atrocities in the war against Tamil militants. That left the field open for China, but also proved to be his undoing. The more you spend, the more he identified with white elephants alleged graft and mismanagement Rajapaksa contaminated.
Not far from Magampura Mahinda Rajapaksa Port as the port of Galle, it is called, is another signature vanity project funded by the Exim Bank of China - Mattala Rajapaksa International Airport. Built at a cost of US $ 209 million, there is hardly a soul around like any airline uses today.
Shortly after the election, the national airline of Sri Lanka suspended its flights here, relieved to not have to use the airport to maintain a happy president. That said, it would save $ 18 million a year.
And yet another grueling drive away in the same district of Hambantota - which becomes Rajapaksa family constituency and is represented in Parliament by his son Namal - is the impressive Mahinda Rajapaksa International Cricket Stadium. Right in the middle of nowhere, the authorities have to distribute free tickets and arrange pick-ups and downs for farmers from nearby villages to fill on the rare occasions that houses a match. The nearest towns are hours away.
It is easy to see why large projects Rajapaksa were attacked opposition. "Ports, roads, stadiums, airports, theaters ... Rajapaksa wanted visible symbols of their achievement. They also served China well as they wanted to show their presence in Sri Lanka," says Kelegama. But are the less visible aspects of the projects that swept China in the maelstrom of politics in Sri Lanka. As reports began to fly over the lack of transparency in these projects, the money spent on them, their use, the terms of loans and crushing effect of public debt, China was caught in the crossfire.
"There was no published interest rates of these loans were arriving for registration. Everything was a mystery," says Kelegama.
In September 2013, the then minister of ports and roads, told parliament that the interest rate of the loan to build the airport Mattala had increased from 1.3 percent to 6.3 percent. No reasons were given.
The loan terms also were sometimes unclear. When the agreement for the second phase of the Hambantota project during the visit of President Xi Jinping to Sri Lanka was signed in September, the Port Authority made a surprise announcement that had been granted China Merchants Holdings International and CCCC rights of exploitation of the four squares in the harbor.
Local media speculated that the Chinese extracted berths in exchange for alleviating the conditions of existing loans for the port, as it had become difficult to service.
Terms unclear have also led to questions about rights of control and use, most famously in the US stalled $ 1.4 billion project to recover real estate Colombo Port City. The agreement to allow the Chinese company involved to maintain 108 hectares of land reclaimed from the opposition raised hackles on the rights of sovereignty of Sri Lanka on their land.
There were other minor issues with Chinese investments.
"Chinese loans also came with Chinese workers, so not that many jobs are not created," says Kelegama.
In 2013, the government said more than 26,000 work visas were issued to Chinese citizens in the previous seven years. But as companies also bring Chinese workers on tourist visas, the exact number, nobody knows.
The quality of Chinese projects has also been a sore spot, as a US $ power station likely disintegration in Norochcholai 1.35 billion, financed by loans from the Exim Bank of China and designed and built by China Machinery Engineering Corp.
But the main political opposition to Chinese projects focused on unfair terms between unequal partners on unnecessary and inflated projects with China presents as a neocolonial power prop up a brutal and corrupt regime.
In a veiled reference to China, Sirisena election manifesto read: "The land that the white man took over by military force now being obtained by foreigners by paying a ransom to a handful of people."
The disappointment was increasing among Tamils, Muslims and evangelicals, threatened by Buddhist Sinhalese nationalist base tables Rajapaksa. The intelligentsia, including journalists complained of repression. The discontent over corruption spread as the politicization of the judiciary and the police began to affect public order.
With a brother like Finance Minister, another in charge of defense and his extended family and friends placed in strategic positions throughout the government, controlling Rajapaksa in the country was complete. And because of its financial support, China control over what looked so full.
"A perception began to grow that China was in fact using corruption as a control device," says political scientist and constitutional expert Jayadeva Uyangoda.
"For the first time, China became a domestic political issue in Sri Lanka as people began to see the Chinese aid to Rajapaksa as a means of buying support by helping to increase their control over the country."
But while the opposition to Rajapaksa - and by extension, China - rose, Beijing seemed oblivious of the quicksand under his feet. Neither seem to realize is presently considered as an active partner in crime rather than a passive investor.
His overconfidence Rajapaksa meant I had no communication channels with competing political forces and other stakeholders typical multi-party democracy. When the South China Morning Post asked Finance Minister Ravi Karunanayake if the Chinese were in contact with him when he was in opposition, he said: "No, they probably thought Rajapaksa rule forever."
R Sampanthan, leader of the Tamil National Alliance, the third largest, also sounds disappointed: "They seem to listen to what we say, but hard to say if they act on it."
Ironically, could have been the policy of non-interference that blinded changing fortunes Rajapaksa and his own of China.
"Chinese Missions are not good to read the general mood. The policy of non-interference, which makes establishing a friendly relationship with the current government's overriding objective of the local mission, is part of the reason" says Zhou Hang, co-author of Defense overseas interests of China: The slow shift away from non-interference, a policy paper at the International Institute of the Stockholm International Peace Research Institute (SIPRI).
Xi Sri Lanka trip in September, the first by a Chinese president in 28 years, was a measure of this disconnect. A politically smarter mission would have seen the change coming in four months and advised against the visit.
"There is a growing debate within academic and political circles in China about whether to participate more actively opposition parties abroad," says Zhou. But take heart Zhou case of former Zambian President Michael Sata. A Basher China, while in opposition, the first official date of Sata was with the Ambassador of China once was elected to power in 2011. "China card is played more and more as it becomes a global actor. But pragmatism probably still prevail, especially in countries that receive large amounts of Chinese investment," he said.
The Chinese market - still in its infancy - has stalled in recent years, mainly due to the slow pace of reform movement in the airspace of low level, and difficulties with adequate infrastructure.
The country's airspace, tightly controlled by the Air Force, is showing signs of opening. However, towards the end of 2013 the new leadership of China presented a guide on cost savings almost instantly had a negative impact on business aviation in the country.
The resulting reaction anti-luxury charter out the hard domestic market. Chinese officials, always used to charter aircraft for business across the country were flying by scheduled airlines. And those airlines soon found that the need for domestic first class cabins reduced, the officials and business leaders distanced themselves from seemingly unnecessary luxuries.
The number of aircraft actively marketed for sale also jumped well. Data provided by AMSTAT showed a total of 38 aircraft for sale in the Greater China region at a median of 2.014, which is slightly more than 10 percent. That is the first time the number of aircraft actively for sale in the region has been above 10 percent since 2009.
So with China in trouble, the airlines business in the country looked to adapt to the changing environment. Several operators were merged, creating large strong companies with better economies of scale, some business aviation seemed out of new roads, and some realized that to survive, would have to look outside their country of origin.
The group of companies Minsheng did exactly that. With Minsheng International Jet (MSIJet) complete the purchase late last year the company charter and management company headquartered in Hong Kong Business Aviation Asia, the company immediately had a footprint outside its core domestic Chinese market. The Minsheng Financial Leasing sister company has also begun to look outside China for new business opportunities.
But with the departure of Johnny Lau for personal reasons at the end of 2014, the company sought internally for a replacement, and ultimately chose Fuhou Wang.
Wang was one of the founders of the aircraft leasing division in 2009, before rising business and commercial aviation business in northern China. Wang was a product of the prestigious University of Civil Aviation of China, from which he graduated in 1997.
When I meet with Wang in a London hotel, Chinese Premier Li Keqiang, for had recently delivered his speech at the World Economic Forum. China's economic growth for the year was projected to stop, though still above six percent.
We talked first about the Chinese economy, the macro-economic conditions in the country, and if the country's growth projections will beat Li conditions.
But soon reach Minsheng, and the current state of the market for Chinese business aviation. Wang tells me that 2014 was good for Minsheng, reflecting the views earlier in the year the CEO of MSFL aircraft financing Zhu Limi.
Limi spoke on a panel at the conference 2014 Asian Corporate Jet Investor, held that year in Hong Kong. Earlier in the day we were told by charter companies a huge proportion of Chinese operators had not made money in 2013, and things were looking bleak for 2014.
Taking this into account, the panel moderator asked participants how the year had been for them. Limi's response was that Minsheng had not seen a slowdown, and if there was, the company was not affected by it.
Back in London, Wang tells me that the company's customers come from the main national industries. This tells me gives the company a unique insight into the macro-economic conditions in the country. While MSFL do see places like the real estate market, tells me that there are plenty of bright spots, and thinks that economic growth will match or even exceed the estimated Li.
But when we started talking about growing Minsheng Wang actually opens. There are two questions that I came to the meeting armed, and both are answered quickly.
First wanted to know about international Minsheng plans. With China Minsheng slowdown would have to look abroad for growth, and Wang confirms this, saying the company should partner with international companies to adapt to the changing domestic scene. He also says that MSFL in the past has placed aircraft in other records, giving the US and Bermuda as examples,
The second question I ask myself in a more-a roundabout, before finally reaching the point. Having heard several rumors that the airport project business in Sanhe, Hebei Province, has been canceled, I wanted to see if this was true. Wang quickly canceled the rumors, telling me that the planning process is still ongoing, and Minsheng remain committed to the project.
After all the recent changes in Minsheng both aviation and the parent bank, it is clear to see that Minsheng has adapted its vision of business aviation in China.
And while I looking abroad for international customers may have been forced to the company by the uncertainty of the domestic market, the fact remains that in several years, Minsheng be able to sell an airplane, you lease a plane, take care of your aircraft as well as being able to land on its own airport.
Increased Chinese investment in the EU in the first quarter suggests that the trend is likely to enjoy strong growth this year after a highly magnified in 2014.
There were 11 Chinese deals in the EU announced a total of US $ 9.6 billion in the first quarter, an increase of 31.2 percent over the first quarter of last year, which saw seven Chinese deals totaling US $ 7.3 billion, according to Mergermarket, a firm that monitors international research offers.
"We are very optimistic in regards to this trend. The growing trend of Chinese investment in the EU is bound to continue. I'm doing a lot of work on Chinese investment in the EU," said Thomas Gilles, president of the EMEA and China group of Baker & McKenzie. "However, the trend of rapid growth of Chinese investment in the EU can possibly be stopped if the EU economy deteriorates further," Gilles said.
A large part of the investments in the first quarter came from China National Chemical Corporation (ChemChina) € 7.1 billion (HK $ 59,800,000,000) acquisition of Pirelli, the Italian tire manufacturer.
Chinese investment in the EU doubled to a record $ 18 billion last year, according to a report from Baker & McKenzie, an international law firm. Given that Chinese investment in the EU was approximately US $ 9 billion in 2013, this means that in the first quarter, the value of such investments tied the set of those in 2013 and made half of the year Last.
"The Chinese investment in Europe is likely to increase again in 2015. The investor base in China, who are willing to enter Europe with large-scale investment is expanding," Edward Freeman, Hong Kong partner at law firm international Freshfields Bruckhaus Deringer, said.
Simon Weller, partner at Freshfields Hong Kong, adding that "the value proposition to invest in Europe is strong at this time. The Chinese buyers are in a good position due to the current exchange rates."
The exchange rate of the yuan-euro fell more than 7 yuan per euro in February to 6.7 yuan last Thursday. Currently, China and the EU are negotiating a bilateral investment treaty that Gilles estimated to be signed in 2016. "Today China is facing 26 bilateral investment treaties with different EU member states," he said.
"A unification of these treaties greatly facilitate Chinese investment in Europe and, therefore, increase the flow of investment." The investment treaty between China and the EU would reduce Chinese government approvals necessary for Chinese companies before investing in the EU, said Gilles. This would provide greater clarity for the sale of assets of the EU to Chinese investors since the chances of an agreement being blocked by the Chinese authorities would be back, he said.
Now that Yiqian funding has a significant stake in the Grand Strand golf industry and has announced that it expects to bring golfers from mainland China, said Myrtle Beach Mayor John Rhodes Friday, "I think the next step is accommodation."
He said he has nothing specific, but knows representatives of the group are showing properties, and we are asking how high they can build.
"I would say the way of all Americans is that whatever is available," he said.
So will the tourist dollars that China could bring with them. As international travelers, who spend more per capita per trip than any other nationality. Middle and high Chinese travelers spend 19 percent of their annual salary in international travel, and they usually buy luxury goods, while away from home, according to Brand USA, a group that promotes international travel to United States.
Financing Yiqian a Chinese investment company that has purchased eight Strand golf courses in the last six months, has recently generated travel, golf apartments and real estate to support its foray in Myrtle Beach, according Xian 'Nick' Dou, one New York immigration lawyer who has represented the company in sales course.
Nobody knows how big a slice of the Chinese Strand tourism could capture.
"It's too early to say," Rhodes said. "This is a work in progress."
Brad Dean, executive director of the Area Chamber of Commerce Myrtle Beach, said he knows of two ways the area could benefit from Chinese tourists.
"First," he said, "we are a very competitive golf destination, so for those interested in learning Chinese golf or golf, which could well become a destination of choice.
"Similarly, we can be included in a multi-city itinerary for a short trip."
Changes in visa policy of China undoubtedly grease the wheel. Only recently, China has changed the rules for international travelers can get visas to travel to the US with a duration of 10 years.
That means that while probably would go to a gateway city - San Francisco, New York, Boston - on his first trip to the US, later trips could include trips to destinations such as the Grand Strand known less.
"The change in visa processing is likely that communities like ours than the main exit points benefit," Dean said.
He said that the interest of the Chinese to travel to the US increased with developments in recent years by Brand USA and visa extensions.
"Economists estimate that in the next five years, China is poised to be the largest provider of international tourists to the outside of the United States of North America," he said.
But Rhodes believes that the impact would come even sooner if the vendors aimed their shots closer to home.
"We forget Asians living in the United States east of the Mississippi," he said. "We're not going to get your business."
Rhodes suggested that a campaign targeting Mandarin Chinese living in the US could reap great benefits for the Strand.
The Milan owner Silvio Berlusconi could be close to sell 75% of its shares in the seven-time champion of the European Cup after reportedly holding talks with Chinese investors over a potential € 1bn acquisition.
According to a report in La Gazzetta dello Sport, former prime minister of Italy, held talks with a group that includes Hong Kong entrepreneur Richard Lee Thursday night and told sources that "the sale of 75% of Chinese Milan has agreed. "
Lee was photographed with Berlusconi in a game in October, fueling rumors that could be about to buy a stake in the club. It expects the deal to include Berlusconi's daughter, Barbara, continuing in his position as director of the club.
The Italian news agency AskaNews believes that the Chinese government is playing a key role in the takeover in an attempt to promote football in the country.
Berlusconi took over Milan in 1986 and has seen the club win five European Cups under his direction.
Prime Minister Roosevelt Skerrit has invited Chinese investors to seek Dominica Economic Citizenship by Investment program.
During a recent visit to China, Skerrit told officials he hopes the program, created in 1993, would attract investors.
He said that interested persons may immigrate to Dominica either apply directly to the government or by obtaining citizeniship with a minimum investment of US $ 200,000.
According to a report in China Business News, Skerrit said applicants would not be taxed on their property, and no regulations on capital gains and no language requirements.
When asked if he was worried by corrupt Chinese officials or businessmen who illegally transferred their property to Dominica, said citizenship applications will be approved only after a thorough investigation and that the program has not been established for criminals from China or the United States.
The prime minister also said that foreign investment could create more employment opportunities for the national population, promote the development of the tourism industry, and facilitate the construction of infrastructure and energy programs.
With a war chest of $ 18 billion, he is one of the richest investors in China. However, on a recent trip to San Francisco, Zhang Lei and his entourage crammed into a three bedroom house in the Mission District, rented through Airbnb.
Also ordered water Instacart the delivery service a la carte food. A few days later in New York, bought food through Google Express.
Of course, it's not as if he could not afford luxury hotels and restaurants. Instead, he was research. Zhang just wanted to get to know some of the businesses that someday could invest.
From 10 years ago with $ 20 million endowment Yale University, Mr. Zhang was an early companies like Tencent and JD.com, companies that have shaken the traditional industries across China backing. Now he thinks that these companies could shake things globally.
"China could be one of the engines of all this global revolution of innovation," Zhang said in an interview in Hong Kong office of signature, Hillhouse Capital Group, one of the tallest skyscrapers in the city, with panoramic views Victoria Harbour.
Across the ocean, in Silicon Valley, Mr. Zhang represents new business class in China. He has consulted the likes of Mark Zuckerberg and Jeff Bezos, and has visited the start-ups like Airbnb.
For foreigners, Hillhouse is a company run by a mysterious private man who went on to win the gold from the beginning. In its investors - including the allocations for the prestigious universities like MIT and Yale, sovereign funds, and wealthy businessmen - who seems incapable of making a bad bet. But as China's economy makes a series of bumps in the economic road, his next series of investments could define his legacy.
The firm says little about its investors or investment history, noting only that clings to investments for long stretches. An investor said Hillhouse had become an annual average of 39 percent since it was founded in 2005.
With bulging coffers, Mr. Zhang and Hillhouse are looking to the United States in search of opportunities.
In its most recent agreement, Hillhouse associated with May bring one of the most popular health institutions from the US to China Clinic. Zhang hopes to shatter the health care system of the rickety state, which is in dire need of a turnaround, using modern technology to create new services and products, as a system for managing digital records.
But challenges await Zhang. The corruption in health care abounds China; bribery investigations have trapped Western companies such as GlaxoSmithKline. State hospitals are burdened by bureaucracy. And the demand for geriatric services has skyrocketed.
Zhang said that falls short.
A man with glasses and energetic with an occasional behavior hiding his wealth, Mr. Zhang has an unusual background. Born in 1972 in Zhumadian, Henan Province, at the height of the Cultural Revolution, when China was purging itself of all things even remotely capitalist. He came of age as their country is adopting capitalist reforms.
At 7, Mr. Zhang had his first business idea. He rented his comic books passengers waiting for their trains. Today, this concept-based economy is shared for companies of Silicon Valley as Uber and Airbnb.
His other ideas sighted were not always greeted with enthusiasm. Not long after getting a scholarship to the Yale School of Management in 1999, Mr. Zhang began applying for jobs on Wall Street. Nobody asked again. An interviewer went so far as to question his intellectual capacity when Mr. Zhang asked if there was any point in the service stations.
His break came when Yale endowment took it as an intern. It was an unconventional arrangement. The office does not usually take MBA students as interns, but Mr. Zhang was impressed by David F. Swensen, CEO of investment.
"Almost immediately, Lei was exceptional in that he really had great ideas," said Dean Takahashi, senior director of the Yale endowment, adding that Mr. Zhang was able to identify what was going to be a big deal. He was also an avid networker, introducing successful Chinese entrepreneurs through Hillhouse Club, which he founded on the campus of Yale University and the name of Hillhouse Avenue, where some of his classes were held.
"It was like, why in the world does this guy from China have these ideas?" Takahashi said.
In the envelope, Mr. Zhang was sent to investigate industries such as logging and reporting back weeks later with inches thick. This tradition has been carried out in your company. The past analysts years researching before Hillhouse hit according to the Mayo Clinic.
After his first year at Yale, Mr. Zhang took time to investigate the expansion of the private sector in China, knocking on doors of entrepreneurs like Jack Ma of Alibaba, Robin Li of Baidu and Tencent Pony Ma, and cultivate friendships. He returned to the United States after the explosion of the Internet bubble in 2001.
Four years later, with an MBA in hand, he persuaded Yale to give $ 20 million to invest in new ventures in China. His initial release met with hesitation. It was green, old fellow Yale endowment remember, so green he did not know who to hire. Zhang called on old friends. A friend declined the offer, but suggested his wife.
"I said? 'Really you're just going to dump me and sends his wife" Zhang said. The wife, Tracy Ma, is now the chief operating officer of Hillhouse and No. 2 in the firm.
Zhang still jokes about the early days. "When he started Hillhouse, I had this strange strategy and sounded distracted," he recalled. "That's why no one has invested in me other than Yale."
For Yale, which had $ 15 billion under management in 2005, was a relatively small stake in China and a young man manning thought showed a lot of potential.
One of the first betting Mr. Zhang was in Tencent; He bought the stock in 2005. At that time the company was best known for its messaging service QQ and worth less than US $ 2 billion. Today, Tencent is an internet giant worth nearly $ 180 billion.
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Looking back now I think, wow, Tencent was so cheap, "Zhang said. Hillhouse owning shares.
Other investments yielded returns knockout. In 2010, Hillhouse invested $ 255 million in JD.com. Four years later, the share was worth $ 3.9 billion in IPO JD.com. When Tencent paid $ 215 million for a 15 percent JD.com in 2014, Mr. Zhang was involved behind the scenes, according to two people involved in the agreement were not authorized to speak publicly.
Buy and hold strategy Hillhouse more than a private equity firm that a hedge fund. Investors are willing to lock up their money for long periods.
Zhang This gives scope for investing in private companies like Blue Moon, a producer of Chinese consumer goods. In 2006, when Mr. Zhang first met the husband and wife team who founded Blue Moon, they were selling liquid hand soap. He kept in touch. Several years later, they called to say they had created a new type of liquid detergent.
A light bulb went on. At that time, in 2010, most multinational companies were selling washing powder in China because they thought that consumers would pay more for liquid detergent. But Mr. Zhang believes they would, and persuaded Blue Moon to expand greatly in the liquid detergent, financing its expansion in exchange for a stake in the company.
Now, Mr. Zhang bet may be a multimillion brand to compete with the likes of the tide. Hillhouse has made similar bets on companies like Gree, now a leader in air conditioners worldwide manufacturer and Midea, electric appliance manufacturer.
"I'm seeing a survey of Chinese entrepreneurs who are able to update themselves relatively slow compared to multinational companies," Zhang said, adding that US companies can learn a thing or two from their Chinese counterparts, they have learned told skip traditional industries.
It is a skill that knows something about - not only in his jump from humble beginnings to millionaire status in a few years, but also his passion for daredevil sports. During a ski trip to Telluride, Colo., In February, he was to go down the steeper slopes in a straight line.
Investing in China, he said, "is not for the faint of heart" However, he added, the opportunities are enormous, "if you are open-minded and focus on the future of China."
One of the first investors in Chinese carpooling application Click Dida said it has held talks with the US Ride-hailing app Uber Technologies Inc to help grow Dida in a market of 99 percent controlled by Didi Dache and kuaidi Dache.
Andy Zhang, CFO Investor Dida Bitauto Holdings Ltd, told Reuters last week that met with Uber CEO Travis Kalanick in Beijing to discuss possible investment or tie-ups.
Uber spokeswoman declined to comment on the matter.
Investing in Dida Uber could give a second avenue in a fast-growing Chinese market for mobile services hails ride. An alliance would also help to dent the near monopoly of Didi and kuaidi, which last month announced a $ 6 billion merger.
Applications carpool have had a troubled start to life, with regulators in Beijing and other cities around the world prohibit applications that generate income from drivers who do not have business licenses. That has not stopped them from attracting huge investments by Internet giants such as Tencent Holdings Ltd. and Alibaba Group Holding Ltd.
Dida does not collect income - unlike Didi, kuaidi and Uber - although his eventual goal is to monetize your application. Currently, coincides with the drivers and passengers and contribute to fuel parking, for example, so that costs about half that of a taxi.
Dida CEO George Song declined to comment on the talks with potential partners, but said Dida is looking for a third round of investment. And earlier this year raised $ 10 million in its first round closed for a second, led by Bitauto car sales platform.
Song said Dida, who has recorded 2 million users in 8 cities since its launch in May, would be open to investment professional taxi or car Uber native applications.
Chinese billionaire Zong Qinghou 宗庆后 has become the latest foreign investor credited with an interest in buying shares in the AC Milan Silvio Berlusconi.
With the Rossoneri struggling financially, rumors have circulated for some time that Berlusconi was about to open the club to foreign investment through the sale of a stake in the organization acquired in 1986 and lavishly funded with previous years.
Sport Mediaset understands that Zong, who is the president and founder of beverage manufacturer in China, and has opened discussions with the current hierarchy gradually Milan about buying 75% of the club in the coming years.
Thai businessman Bee Taechaubol is believed to be in pole position to acquire shares in Milan to reports in Il Corriere della Sera that claim has already begun to carry out due diligence on the accounts of the club, which should be completed by the end of April.
However, as one of the richest men in China with personal assets of around € 11.6 billion, Zong Qinghou wealth is greater than Taechaubol making it a much more attractive potential investor.
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