Bahamas Targets at Chinese Investors
The Bahamas government in the Caribbean is changing its policy and strategy toward China to make it more appealing to Chinese investors.
The former government primarily concentrated on the American and European markets. But now the new Bahamas leadership intends to facilitate the visa process, install a fully fledged ambassador in Beijing and set up commercial services in Shanghai and Shenzhen in the near future, hoping to lure more Chinese investors.
“China is becoming more open to the world, and the Caribbean is very important market for Chinese companies…. Chinese companies now look to the Bahamas for trade partners. I’m sure more Chinese companies will settle here in the future…” said Li Yuanming, Chinese ambassador to the Bahamas.
According to the Ministry of Commerce, Bahamas investment to China totaled $666 million at the end of June 2007, while direct investment from China to the Bahamas was $14.69 million. And under the new policy targeting at Chinese investors, the archipelago known for its turquoise waters and tax-free status will allow Chinese developers to get 3,500 acres on the island to build homes, hotels and tourism infrastructure.
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