"Everybody wants rich Chinese Tourist"

vendredi 24 juin 2016

Bad news for Indonesia Tourism

"The capabilities of the military...in securing our seas should be improved, whether it's technology or general preparedness," Widodo said, according to a presidential palace statement.
A Chinese fishing boat was attacked last Friday while fishing in waters of Natuna a 272-island archipelago off the northwest coast of Borneo in the South China Sea islands. The island archipelago has about 70,000 residents and is administered by Indonesia.

On Sunday, Foreign Ministry spokeswoman Hua Chunying Chinese described the incident as such, "While normally operates in traditional fishing areas in southwest China South China Sea on June 17, the Chinese fishing boats were harassed and they fired several navy ships Indonesia. a Chinese fishing boat was damaged and injured member of the crew shot, while another fishing boat and the seven people on board were arrested by the Indonesian side. "

Indonesia Refuses to Bow to China in the South China Sea

Indonesia's president held a cabinet meeting aboard a warship off the Natuna Islands on Thursday, asserting sovereignty over waters in the southern reaches of the South China Sea after Beijing stated its "over-lapping claim" on nearby waters. As a result of the incident, Beijing lodged a strong protest to Jakarta through diplomatic channels, claiming that Indonesian "international laws violated including the United Nations Convention on the Law of the Sea (UNCLOS) and the Declaration on the Conduct of Parties in the South China sea (DOC). China strongly protests and condemns the excessive use of force. China calls on the Indonesian side to stop taking actions that complicate, exaggerate the difference and undermine peace and stability, and handling the issue of fishing in the sea in a constructive way. "

The New York Times reported that Chinese nationalists are outraged by the use of force by the Indonesian side. A user wrote via Weibo (microblogging platform similar to Twitter in China) "You call yourself a great and mighty nation, but how is that a small country like Indonesia dare slap in the face?" In the same Times article, another Weibo user reportedly wrote, "Where is the hard-line faction in the army? It's your turn to make an appearance now."

However, the issue of fishing is not as simple as the nationalists would like to believe. While Beijing claims 90 percent of the South Sea China, with its self-proclaimed "nine-dash-line" or "cow tongue", Beijing recognized in 2015 claiming Jakarta chain Natuna islands, stating that "the Chinese side has no objection to the sovereignty of Indonesia over the Natuna Islands." While the islands are outside the "line of nine script", but also create an exclusive economic zone of 200 miles, or EEZ which excels in waters claimed by Beijing.

Beijing, however, is a signatory to the Convention and under the Convention, the islands whose population is entitled to an EEZ of 200 miles, which gives Indonesia and its exclusive rights fishermen fishery resources in that area. Moreover, the concept of "traditional fishing", presented by the Ministry of Foreign Affairs of China, is not recognized in the Convention.

Chinese outbound tourism Market for indonesia

This last argument is the third since March, when a Ministry of Fisheries and Marine Affairs of Indonesia patrol vessel intercepted a Chinese fishing boat of 300 tons approximately four kilometers from the Natuna islands chain within the territorial limits of Indonesia indisputable. In that incident, the Indonesian patrol boat fired warning shots of small arms in the Chinese fishing boat, forcing them to stop and the Chinese fishermen were transferred to the Indonesian patrol ship. A Chinese coast guard ship then arrived on the scene, repeatedly ramming the Chinese fishing boat until it was free and then retrieve the fishing boat.

At that time, the Ministry of Foreign Affairs of China also made the argument that the incident occurred within the traditional fishing areas of China and the Chinese coast guard vessel assisted by the Chinese fishing boat seized without going Waters-territorial Indonesia despite It is only four kilometers away from an island of Indonesia. In addition, by using its own coastguard boat as a battering ram,

This kind of New will scare Chinese travellers  ! 


samedi 18 juin 2016

Why outbound Chinese real estate is booming !

Chinese citizens became the largest foreign buyers of homes in the United States last year as they poured more than $ 150 million in real estate over the past five years, a new study has found.

 Key points:

  • Canadians have been relegated to the second to the Chinese purchases of US homes Surge has helped the housing market recover from the economic crisis of 2008 Chinese buyers pay an average of more than $ 1 million home
  • And despite a slowdown due to the repression of Beijing on capital outflows, is likely to double that in the second half of this decade, the study of the Asia Society and Rosen Consulting Group.

Chinese Real Estate Buyers 

The huge increase in Chinese buying both residential and commercial real estate has helped the housing market recovers from the crisis that began in 2006 and the economic crisis of 2008 was precipitated.
"What makes it different from China and noteworthy is the combination of the high volume of investment (and) the extent of their participation in all categories of real estate," including a "unique entry into home purchases" said the study.

The study authors said their numbers, based on industry data real public estate and underestimates the total, as misses purchases made by front companies and trusts that does not identify the source of the funds.
According to the study, Chinese purchases of US households far exceeded its investment in commercial buildings and land.

$ 23 million in the commercial property market,

Between 2010 and 2015, Chinese buyers put more than $ 23 million in the commercial property market, with the latter half of last year alone.
However, during the same period, at least $ 127 million was allocated to households in the United States, and in the 12 months to March 2015 - the latest period for which they could obtain data relatively complete - purchase housing amounted to $ 39 million. That put Canadians last Chinese, who have long been the biggest foreign buyers of US residential real estate.

Geographically, Chinese buyers are concentrated in the most expensive markets: New York, Los Angeles, San Francisco and Seattle, but Chicago, Miami and Las Vegas have also been drawn buyers.