Chinese Tycoon Icelandic Land Deal Sparks Controversy and Security Concerns

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For more news and videos visit ☛ http://english.ntdtv.com Follow us on Twitter ☛ http://twitter.com/NTDTelevision Add us on Facebook ☛ http://facebook.com/NTDTelevision A Chinese tycoon's plan to buy a massive block of land in a remote region of Iceland has sparked off controversy. While the 55-year-old former Chinese regime official claims it's purely for investment, some Icelanders are questioning billionaire Huang Nubo's real motives. Chinese billionaire Huang Nubo plans to buy a huge plot of farmland in northeastern Iceland. The 55-year-old businessman and former Chinese regime official has agreed to pay $8.8 million for Grimsstadir farm. Huang—ranked 161st on Forbes 2010 list of the richest Chinese—plans to invest another $200 million. His aim—to build an eco-friendly resort. [Huang Nubo, Board Chairman, Zhong Kun Group]: "I am going to run two projects there. First, I will build a luxurious resort more than 200,000 square feet large on the land I purchase... including a hotel of 100 rooms and a villa cluster. Secondly, I am planning to build a golf course, a horse farm, and a racecourse." The deal has triggered fears. Iceland's interior minister—aware of the Chinese buying landed properties in foreign countries—says the matter needs closer scrutiny. [Ogmundur Jonasson, Icelandic Interior Minister]: "What is special about this is the scale. We are talking about 300 square kilometers (120 square miles). This is not a little plot of land. This is considerable land mass, and it's absolutely natural that we should want to look carefully into the matter, and this we will do regardless of the applicant's nationality." Analysts express security concerns that the Chinese regime will gain a strong foothold in Iceland because of its strategic location in the mid-Atlantic between Europe and the United States. The former Chinese regime official defends himself and denies any connections with the Chinese regime. [Huang Nubo, Board Chairman, Zhong Kun Group]: "What I am doing simply follows my interest. If I hadn't travelled to Iceland before, I wouldn't have come up with the idea. This has nothing to do with the Chinese [regime]... The accusation is too ridiculous." Iceland is close to the Arctic seabed where several countries are staking claims. Ownership claims become important as decreasing sea ice creates new opportunities for oil and gas exploration. The land deal is currently pending approvals from both Icelandic and Chinese authorities.

Comments

Look at all these comments below by scared white "superior nordic" people. They just can't compete with Asians when it comes to brain power? What is Iceland but a small insignificant country with a patchy history? Can't compare with the beast from the east.

As a Russian I advice Iceland not to approve the communist takeover land deal which is just an another trojan horse tactic of china.

If the Chinese Communist Party continues to try invading Europe , they´ll end up becoming the poorest country ever. They´ll probably have to rely on assistance from other countries in terms of food production.

Naboo is a fraud. He is reported to have declared that he´s proud to be a Communist Party Member.

The self proclaimed superior race (Nordic race) is getting overwhelmed by Asians in their own backyard.

Just stay away from Iceland. Let Iceland be the last sanctuary for Nordic people, as Scandinavia are conquered.

@dannynjust You motherfuckers are a bunch of vermin, PERIOD!! (Even the Japanese, Vietnamese, Laotians, Koreans and the rest of the Pacific Rim hate your fuckin' guts so shut the fuck up!)

@ursa41 do you know the fucking rules? what the american are doing in Korea , in Janpan with that troops waiting to invade China? they are way more worse, we just want to business not like going there killing people from another country. only you shit people who want kill people you don't like , that is what Adolf Hitler did.

@Munyet23 so it is ok for the west to come to China to make the money out of the environment? remember what the IKEA did and the Apple factory ? it is a world economy meaning everyone can do business anywhere.

@BastardViking oh...well okay then

@BastardViking you should strike "viking" in yours. your comment was just racist and i was stating that

@BastardViking what does that have to do with anything in this video?

I do not trust those people and Iceland did an impeccable job in rejecting his bullshit. Who the fuck does this cockroach Huang think he is barging into someone 's backyard and "buying up" 186 sq miles? Motherfucker, there are RULES! Go buy land in your own SHIT COUNTRY asshole! Too bad Japan didn't finish the job during World War II; they passionately hated the Chinese! Better yet: Truman should have unleashed that pitbull General "Dougie" MacArthur and nuked the shit out of them!!!

Chinese pig - go home and eat that last rhino you killed in West Africa. These CHinese are a threat to the entire world. They really think they deserve to be the masters of everyone. They're as bad as the Americans in different ways. This pig wanted to drill for minerals, PERIOD. GO HOME to your OWN SHITTY COUNTRY CHINA.

@Arperture2008 shut the hell up, Iceland is just being smart about dealing with the PRC. If it was the ROC, people wouldn't care.

Of course he would deny any association with the Chinese regime, its not racist to be careful, the history of our world is alot more violent than alot of people want to remember.