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China dismisses hysteria over Greenland ventures

Updated: 2013-03-16 07:51
By Zhang Yunbi ( China Daily)

Beijing on Friday dismissed Western media hype over the so-called Chinese investment boom in Greenland, saying public discussion about financial ventures there has "gotten way far ahead of the status quo".

Local media and leading Western news agencies have claimed since February that Greenland's government will enhance limitations on investment from abroad, and reports also labeled a $2.3 billion coal-mine project allegedly funded by Chinese business a major controversy.

Foreign Ministry spokeswoman Hua Chunying told reporters on Friday that no Chinese company has obtained a permit in Greenland.

China dismisses hysteria over Greenland ventures

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