Huang Nubo Gets “Green Light”, Says Xinhua

Published September 20, 2012

Chinese entrepreneur has been given the “green light” to move ahead with plans to develop a resort in northeast Iceland, an opinion column in Xinhua reports, while also claiming China needs to overcome “undeserved suspicion” from other countries.
As reported, Huang Nubo’s recently revealed in an interview that the terms of his deal allowed him to lease some 30,639 hectares in northeast Iceland for 40 years with the option to rent for another 40 years at the lease’s end. Furthermore, his plans include not just the building of a luxury hotel, but also some 100 villas “mostly for wealthy Chinese”. Minister of the Interior Ögmundur Jónasson responded to the news by saying, “We’re not talking about some shop by Jökullsá river. If people can rent land for this length of time, it becomes more or less equivalent to land ownership.” He has called for the land deal to be reviewed, and wants to have it nullified.
Xinhua now reports that “Chinese tycoon Huang Nubo, whose plan to build a resort in an isolated part of Iceland was turned down amid suspicion a year ago has been given the green light to rent the land by Reykjavik, with the year-long drama coming to a happy ending.”
Furthermore, the column claims that “Huang said his company plans to build resorts in north European countries including Norway, Finland and Sweden over the next five years.”
When addressing concerns from Iceland and other countries about China’s intentions, the anonymous columnist writes, “to knock open the door to overseas markets, Chinese business pioneers need to forge ahead in spite of undeserved suspicion and holdback that reflects a kind of sentiment against China.”
This suspicion, from Iceland at least, might be due in part to Huang Nubo’s track record in China. As reported:

Many of China’s most famous tourist sites are managed by politically-connected business like Beijing Zhongdian Investment Corp, which earned by more than $600 million in 2006 running sites such as Hongchun in Anhui Province and Zhongdian near Tibet in Yunnan. The company is notorious for cheating villagers whose land is developed for tourism and giving them very little of the hefty admission fees they charge tourists. The sites themselves are often developing in a way that is ugly and not culturally sensitive. Beijing Zhondian is controlled by Huang Nubo, a former Communist Party Propaganda department section chief. He is said to worth over $500 million.

“These people need to better understand the business climate in China,” says Xinhua. “Where years of economic take-off have nurtured fertile soil for private businesses and the giant hand of a largely free market dictates most business decisions. … When misunderstandings are dispelled, two-way flow of capital will become easier and even common. It will be good news for an ailing global economy.”



News
Believes Riff Raff Is Her Father – UPDATE: Kid Is Full Of Shit

Believes Riff Raff Is Her Father – UPDATE: Kid Is Full Of Shit

by

Young Margrét Vera Mánadóttir believes English playwright and actor Richard O’Brien is her father, reports Vísir. O’Brien is known for writing Rocky Horror Picture Show and for his role as Riff Raff. In a twist of fate, Margrét has been cast in the role of Riff Raff in her high school production of Rocky Horror. “I’ve tried to get in touch with him but haven’t gotten any replies,” said Margrét. “My mum tells me it’s pointless, but I’d like to try to contact him.” Margrét’s mother and a friend of hers traveled to London at the start of 1997 which is where

News
Some Icelander Has An Arsenal In Their House

Some Icelander Has An Arsenal In Their House

by

In all there are 72.640 guns registered in Iceland and one Icelander is sitting on 214 of them, reports Vísir. In a news bulletin from the National Police Commissioner it was revealed that the majority of gun owners in Iceland own only one gun but that 469 people own 10 or more weapons. The person with the second highest number of guns owns 169 of them. The vast majority of guns in Iceland are shotguns, used for hunting. There are 41.652 of them in total, after which are rifles, of which there are 25.223. Lastly there are 3.427 pistols and

News
Hanna Birna Has Left The Country

Hanna Birna Has Left The Country

by

Recently resigned Minister of the Interior, Hanna Birna Kristjánsdóttir, has left the country on a holiday, reports RÚV. Ragnheiður Elín Árnadóttir, Minister of Industry and Commerce will be filling in while she’s away. Hanna Birna is still legally the Minister of the Interior, until her replacement is announced by Finance Minister, Bjarni Benediktsson. Bjarni told RÚV that he expects to name her replacement after the weekend. Related Post-Leak Hangover Hanna Birna May Avoid Parliamentary Hearing

News
Icelandic Musicians Unite For Gaza Charity Album

Icelandic Musicians Unite For Gaza Charity Album

by

Nineteen Icelandic bands and artists have donated tracks to a new compilation from the Iceland-Palestine Association. Entitled Fyrir Gaza (“For Gaza”), the album features tracks from some of Iceland’s most notable acts, such as GusGus, Sin Fang, Ólafur Arnalds and Mugison, with all the proceeds going to the Association for Women & Child Protection (AISHA). The album is expected in stores this Wednesday, just in time for the holidays, and includes tracks from the following: GusGus FM Belfast Sóley Mammút Hjaltalín Prins Póló Ólafur Arnalds Cell 7 múm Ojba rasta Sin Fang Borkó Snorri Helgason Uni Stefson For a Minor Reflection Ghostigital

News
Post-Leak Hangover

Post-Leak Hangover

by

Infamously, on November 20th, 2013, Fréttablaðið and mbl.is published news based on confidential information collected within the Ministry of the Interior. November 21st, 2013, DV points this out, and asks: who leaked an internal ministry document about an asylum seeker as it seemed intentionally to harm his reputation? A year of “not me”s ensued. Long story short: November 21st 2014, last Friday, Hanna Birna Kristjánsdóttir resigned from her post as Minister of the Interior. There might be some minor earthquakes to come. It seems — well, no, it is quite clear — that for a year Police Chief Sigríður Björk

News
Hanna Birna May Avoid Parliamentary Hearing

Hanna Birna May Avoid Parliamentary Hearing

by

Recently resigned Minister of the Interior Hanna Birna Kristjánsdóttir will likely not have to face a parliamentary hearing on the leaked memo scandal, due to her resignation, RÚV reports. Hanna Birna was due to appear in a live and publicly televised hearing to discuss her role in the leaked memo case, as well as answer to allegations that she may have tried to influence the course of an ongoing police investigation of her ministry by threatening former Commissioner of the Capital Area Police, Stefán Eiríksson. According Alþingi Office Manager Helgi Bernódusson, a minister is both politically responsible as well as legally responsible for

Show Me More!