Cyprus-China relations enter new phaseCyprusNewsReport.Com

Map of Cyprus with EU flag

Map of Cyprus with EU flag (Photo credit: Wikipedia)

According to this article, relations between Cyprus and China have entered a new phase with obvious political will to strengthen relations further.

Source:  Cyprus-China relations enter new phaseCyprusNewsReport.Com

Chinese investors are increasingly to be seen in Cyprus. Up to now, they have been attracted by real estate, which provides wealthy Chinese with easy access to the rest of the EU. However, Chinese investors, like the Russians and other big international investors are casting their eyes over a couple of dozen large scale investments projects in Cyprus. But the real prize will be offshore gas and oil. If one throws in the increased probability of a political settlement with Turkey, Cyprus could well be set for a boom, once again.

Thoughts?

China’s economy showing signs of stabilizing: state planner | Reuters

Reuters reports that China’s top state planner said on Monday that the country’s power usage, train freight and property market have all shown improvement since August, indicating that the economy is stabilizing.

Source: China’s economy showing signs of stabilizing: state planner | Reuters

Expect the Western media to renew its attack on China this week, citing weakness after weakness. Personally, I think it’s necessary to take a longer term perspective. In my view, China will not have a hard-landing although there will be pain as the economic engine changes direction.

Thoughts?