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£1bn Chinese investment in Sheffield


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:o

I'll just leave this quote here (taken from here)...

 

The city has recently signed co-operation trade agreements with Daqing, the leading centre for the oil and gas industry in China and location of a major World Snooker International Championship, and the city of Nanchang.

 

... for the benefit of any conspiracy theorists out there! ;)

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Yes, you speak the truth. EU grants are given with no string attached. But let's look at the figures a little more closely...

 

http://www.bbc.co.uk/news/uk-england-36420415

 

That report admits the figures are rough and they're disputed anyway.

 

And secondly, without opening the full Brexit pandoras box, there is obviously much more to the pro-EU argument than just money. But anyway...

 

 

7. Yes, the jobs created by the EU are great but they certainly do not make up for the missing £275M

 

Is that just taking in to account jobs directly funded by the EU, or the wider picture, i.e. the large section of our economy which is indirectly supported by those EU jobs & funding, and will take a major hit when the brain-drain begins from this country?

 

 

Meanwhile, we have just been handed £1BN on a plate

 

But I think the point people are trying to make here is, 'No, we haven't!'. There's a catch with this investment. I don't know what it is yet, but there will be one. It might be one which is overcome by wise investment, but do you trust our council to do that?

 

 

Anyway, this is not about EU investments being better than other investments, or vice versa. In an ideal world, we'd have both.

 

You mean like a world where we were in the EU and had these kind of trade deals anyway? You mean like, how we were up to the 22nd June? Cameron & Osborne have been pushing for bigger ties with China for years now, it was supposed to be a main driver of the Northern Powerhouse. Talks on this deal have been going on for 18 months. You think China only just picked up the phone 4 weeks ago

 

 

Just to counter-act the cynicism, I would say that away from the Brexit debate, I welcome this investment, generally, so long as it is spent wisely for maximum gain, and not frittered away on the wrong things. I also hope there are no silly agreements lurking in the detail that the council are keeping from us.

 

If successful, I'd have no problem welcoming more investment from China and others, and hope we really can find a way to get a better deal from the rest of the world financially than we did from the EU.

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this is great news for SCC they will of course take the credit, but its also great for business here the Chinese community enrich and contribute vast amounts already and are welcomed at least they bring something here and take very little.

the Chinese have been investing here for a good few years now privately and corporately developing unwanted and run down flats complexes at Netherthorpe and are building a new development of retail and leisure at the bottom of Bramhall lane.

now we are out of Europe i hope there will be more of this far east investment.

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No surprise, I predicted this last year. Sheffield/china are growing friendly intimate relations.

 

---------- Post added 21-07-2016 at 08:53 ----------

 

 

What is in it for you?

 

Maybe Sheffield will become a live buzzing business centre again, these Chinese know how to do it.

 

I've been to the University graduation ceremony today. You could be excused for assuming that we were at Beijing University. Judging by the students here. This is very much a Chinese home from home.

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Earlier this year George Osborne was seen in China courting the Chinese and their investments. On every news bulletin Kevin McCabe the Sheffield United owner and successful property developer could be seen alongside the Chancellor.

 

This is great news for the city and the Sheffield City Council deserve credit but I am sure Mr McCabe will have played a huge (even massive) part in securing this deal.

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investment is what we needed just got to use it wisely and make it grow .create jobs and so what if it comes from the Chinese ..there students are polite and ours could learn from there manners. there is good and bad around the world .and them students could soon run there own business and create work over here

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