Zhejiang Shang Dibai fried floor evaporation 2 billion

Source: Internet
Author: User
Keywords property market Zhejiang merchants UAE
Tags .mall financial hardware information market not less
"Lack of information" Let the grapevine fly around, triggering a lot of speculation, investors are all means to understand information, Dubai version of "Secret War" staged.  The Dubai crisis caused the Zhejiang businessmen to suffer badly, they lost nearly half of the investment in the Dubai property market, roughly estimated more than 2 billion yuan. Over the years, not less than more than 100,000 Chinese merchants to Dubai Gold, of which Zhejiang merchants accounted for half.  Initially, Zhejiang merchants to Dubai mainly engaged in hardware appliances, shoes, bags and small commodities, such as sales, complete the original accumulation of funds and Dubai property market rise, many Zhejiang businessmen began to focus on the field of real estate. According to the United Arab Emirates Wenzhou Chamber of Commerce President Wang Weisheng revealed that from 2003 onwards, Dubai's property market all the way bullish, the return on investment high, the return cycle of the fast are not in the traditional trade. "In the past few years, many of the Dubai engaged in traditional trade in the hands of the Zhejiang merchants will have many sets of houses, the total price of these properties ranging from millions of to tens of millions of." "With the onset of the global financial crisis, Dubai property prices have now fallen by more than half." The Zhejiang boss who is engaged in trade in Dubai, at least half of them owned or bought and sold the property, according to the average per person to buy a set, and a set of 1 million yuan, Zhejiang merchants in Dubai investment in the total property market amounted to more than 5 billion yuan, and now the property market shrank by half, then at least more than 2 billion yuan of assets see financial water. The most damaged when the number of Hu, he spent 28 million dollars in 2007 to buy the Dubai "world map" in the "island", has been due to the financial turmoil to stop the emergency. Zong Xin
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