How Chinese businessmen view Dubai debt crisis

Abu Dhabi, December 26 (Xinhua) Summary: Chinese business How to view the Dubai debt crisis one months ago, the UAE government announced that the Dubai World Group is seeking to postpone the repayment of maturing debt, the world's uproar.　　Many people are concerned, Dubai--this once created the "Desert Miracle", with a number of "world first" famous, is regarded as a model of economic development in the Arab countries, can cross the front of this karez?　　The Dubai debt crisis eased as the UAE central Bank and the emirate of Abu Dhabi government bailed out, and the Dubai government was gearing up to negotiate Dubai world groups and creditors in the hope that the topic would be resolved as soon as possible to mitigate the negative impact and restore confidence in Dubai. What about the Chinese businessmen who work and live in Dubai? In this important entrepot and financial centre of the world, more than 200,000 Chinese are involved in local investment and construction, how do they view the Dubai debt crisis?　　And how to look forward to the upcoming 2010 years?　　With these questions, the reporter visited some local Chinese businessmen Dubai.　　Investment in the property market is full of risks Dubai the executive director of Chinatown Real Estate trading center Du Yan told reporters that, in terms of real estate, the adverse effects had begun to emerge in the 2008 financial crisis, and the adverse effects had lasted more than a year in time. In terms of property prices, it does have a big impact on investment. She said, but also to separate analysis, investment in the market time is not the same, the impact is very different.　　The first part of the early entry, once made a lot of money, according to the current price is only less profit; the second part, the current fall of the price and when the stock market, the basic is not to make money; the third part, in the last year, the highest prices of the market, this part of the investors Du Yan said that from the Chinese businessmen she contacted, most of the people who got home were unwilling to sell at the present market price, but instead to rent the house.　　But from the beginning to cling to short-term speculation, only paid down payment, and so on the real estate appreciation to make money, now the price fell down, feel pinch in the hand, short-term no hope, continue to invest not cost-effective, so want to quickly dispose of.　　The impact of the trade is different. Journalists also saw Ms. Liu Ya, general manager of the Dubai Trading Company, who runs the China business in the UAE for more than 10 years. Liu Ya Frankly, since the financial crisis, Chinese businessmen in Dubai trade activities have been affected. For the recent one or two years just from the domestic business of small businessmen, because there is no long-term, fixed customer groups, and the lack of a stable product variety system, the crisis hit, the first affected is they.　　But for a large number of investment companies, especially in the domestic production base, in Dubai have trading companies and stable customer base of enterprises, the impact is much smaller.　　Liu Ya said that after the Dubai debt crisis, her company's business was not affected, but also because of the Islamic countries in the Middle East Eid al-Fitr and Eid al-Adha, product orders have increased. She said that the emergence of financial or debt problems would certainly be on the region'sTrade activities have an impact, but real estate and trade are two categories. Still bullish on Dubai Vision Liu Ya said she and many Chinese businessmen living in the UAE are still very confident of the UAE government. They live here and have witnessed the rise of the UAE, especially Dubai, and the UAE government's policies are good for investment.　　She thought that the present difficulties were temporary and could be overcome.　　Dubai China Chinatown Real Estate Trading Center Marketing manager Mr. Hu told reporters that there are a lot of Dubai Chinese businessmen, especially the investment in real estate business, the future with an optimistic attitude.　　On the other hand, he believes that the debt of the Dubai World Group will be settled through negotiations with creditor banks, a problem left over from a big development cycle in real estate, largely ill-conceived, too slow and too easy to lend.　　The debt crisis, he thinks, has somehow turned from bad to good, with the government introducing and standardizing relevant laws and regulations to increase transparency. He believes that the 2010 Dubai real estate market vision to see DUBAI and the entire UAE trade environment, is tightening or continue to loose. From now on, the trading environment is still loose, the UAE government has introduced a new policy, business license fee cut by 15%, the UAE government is still encouraging investment, free trade zone policy remains unchanged.