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Property tycoon speaks out on Iceland debacle
By Juwai, 30 December 2012
A Chinese billionaire whose efforts to buy a major chunk of land in Iceland were thwarted by the government there said on Thursday that he was turned away because of nervousness over his membership in the Communist Party. James T. Areddy reports for China Real Time Report. December 29, 2011 -- Huang Nubo, a 55-year-old property tycoon, said the Icelandic government’s blocking of his proposed $8 million land purchase smells of anti-China and anti-Communist Party sentiment. “Maybe the world isn’t ready yet for to embrace Chinese entrepreneurs,” he told a small group of reporters in Shanghai.