Auck­landZTE in talks hails on Fu US Wah trade ven­ture­curbs

Bei­jing calls on Wash­ing­ton to han­dle the is­sue ‘with dis­cre­tion’ to avoid harm­ing growth of ties

China Daily (Canada) - - LIFE - By WANG ZHUOQIONG wangzhuo­qiong@chi­nadaily. com.cn By GAO YUAN gaoyuan@chi­nadaily.com.cn

The $200 mil­lion in­vest­ment by Bei­jing-based prop­erty de­vel­oper Fu Wah In­ter­na­tional Group in the five-star Park Hy­att Auck­land serves as a strong sig­nal that Chi­nese in­vestors have grow­ing in­ter­est in global ho­tel prop­erty mar­ket, in­dus­tryZTE Corp ex­pert­sis in said. talks with the Unit­edIt is one State­sof the largest gov­ern­ment­for­eign in­vest­mentsover the tele­comin New equip­men­tZealand’s tourism man­u­fac­turer’s in­fra­struc­ture. al­leged Work vi­o­la­tions on the of pro­jecta US tradeon Auck­land’sre­stric­tion. Wyn­yard Opin­ions Quar­ter­are wa­ter­frontsplit on neigh­bor­hood­whether the be­gan ne­go­ti­a­tion­slast week and could the help ho­tel re­solveis slated the for dis­pute,open­ing which,in 2018.if it re­mains un­re­solved, Fu Wah could won have de­vel­op­menta neg­a­tive rights im­pact for through­out­the ho­tel af­ter China’sa global IT in­vestor in­dus­try. search process in 2013 led Min­is­terby the landof Com­merce­owner, Panuku Gao Devel­op­men­tHucheng on Tues­day Auck­land. said China Theis “great­lyc­ity coun­cil-con­trolled­dis­sat­is­fied” with or­ga­ni­za­tion’sthe US de­ci­sion CEO to John ban Dalzell the Shen­zhen,said Fu Wah Guang­dong-based­stood out as a com­pany de­vel­op­ment from part­ner­buy­ing partswith its fromUS com­mit­ment sup­pli­ers.to a long term sus­tain­able“I hope the in­vest­men­tUS could han­dlepro­posal, the is­sue re­spect with for the dis­cre­tion his­tory of to the avoid site harmin­gand its sig­nif­i­cancethe sta­ble,to Auck­lan­ders.healthy de­vel­op­ment of Si­noUS “For trade many ties,” years said this Gao. sig­na­ture He added site ZTE has been­has sent knowna del­e­ga­tionas the home to of Wash­ingtonour Amer­ica’s to Cup dis­cuss­sail­ing the team,is­sue with Emi­rat­es­the US Team au­thor­i­ties.New Zealand. Be­ing blessed with some The of US the Com­mercebest views Depart­mentof the Waitem­ata con­firmed Har­bor to and The Auck­land Wall Street City, Jour­nalit was al­waysthat des­tined ne­go­ti­a­tions for so are much un­der more. way.

“We “Th­ese look for­ward dis­cus­sion­sto the pos­i­tive have been im­pact con­struc­tive,Park Hy­at­tand we Auck­land will con­tin­uewill haveto seekon thea res­o­lu­tion,”wa­ter­front and said the the re­gion,”US news­pa­per,Dalzell said. cit­ing an Fu un­namedWah Board se­nior Di­rec­tor of­fi­cial and at Overseasthe depart­ment. In­vest­ment ZTE Gen­eral­did not Man­ager elab­o­rate Li­mon the Wong de­tails said ofa fur­ther the talks, $2.5 say­ing mil­lionno fi­nal­will be de­ci­sion­spent by has Fu been Wah made.to go to­ward a pub­lic

The US Com­merce Depart­ment last week banned ZTE’s sup­pli­ers in theUS from sell­ing com­po­nents to the Chi­nese com­pa­nyamid­claims thatZTE ex­ported pro­hib­ited prod­ucts to Iran.

The US sup­pli­ers, in­clud­ing mo­bile chip gi­ant Qual­comm Inc, will need to ap­ply for per­mits from the US govern­ment be­fore sell­ing prod­ucts to ZTE.

ZTE said in a state­ment its op­er­a­tions were in com­pli­ance with the laws and reg­u­la­tions prom­e­nade,in ev­ery lo­cal­mar­ket. walk­way The and com­pa­n­yart dis­play pledgedin the areato co­op­er­ate sur­round­ing with the the ho­tel. in­ves­ti­ga­tion.

“It HuLu,is im­por­tant an­an­a­lystatChangjiangthat the build­ing Se­cu­ri­tiesis able Co to Ltd,be en­joyed­said the by pun­ish­ment­the pub­lic as was well re­latedas cre­at­ingto a a multi-mil­lion-dol­larpub­lic space for ev­ery­one hard­wareto en­joy.”and soft­ware ex­port deal ZTE signedThe 195-roomwith Telecom­mu­ni­ca­tion­ho­tel, to be man­aged Com­pa­nyby the of Hy­at­tIran in Group, 2012. will com­ple­ment Wyn­yard Quar­ter’s award-win­ning build­ings and pub­lic spa­ces and de­liver sig­nif­i­cant eco­nomic ben­e­fits to the cen­tral busi­ness district and nearby ar­eas.

Hy­att Group Asia Pa­cific Pres­i­dent David Udell said it was im­por­tant to se­lect the right brand to in­tro­duce to the new desti­na­tion.

“Park Hy­att Auck­land will be a land­mark ho­tel, de­liv­er­ing a newThe lev­elUS for­bid­sof lux­u­rya and long so­phis­ti­ca­tion­list of US-made to ourIT guests. prod­ucts Th­ese fromele­ments be­ing sold are to in­creas­ing­lyIran. be­ing sought“It was by nota grow­ingthe first num­ber­time for of the dis­cern­ingUS to in­ves­ti­gate­and af­flu­ent Chi­ne­se­busi­ness IT com­pa­nies.and leisure Due trav­el­er­sto strongvis­it­ing gov­ern­ment­this beau­ti­ful in­ter­fer­ence,har­bor city.” ZTE and This Huawei­will be Tech­nolo­gi­es­the first Park Co Ltd are find­ing it dif­fi­cult to pen­e­trate the US mar­ket,” Hu said. “But con­sid­er­ing that talks are tak­ing place, and the Hy­att ob­vi­ous ho­tel neg­a­tivein New in­flu­enceZealand, an­don onethe tradeof only re­la­tion­ship37 glob­ally. with­China,Fu Wah also theUS re­cently gov­ern­men­tac­quired theis likely Park Hy­attto ease Mel­bourne.the pun­ish­ment.”

“TheThe ex­port grow­ing ban in­boundon the tourist­sec­ond-largest sec­tor to­gether Chi­ne­se­with New tele­com Zealand’s equip­ment rep­u­ta­tion makerof be­ing quickly one of un­fold­edthe best into places a in diplo­mat­ic­the world to is­sue,do busi­ness­with For­eign­made Auck­landMin­is­ter the Wang ideal Yi lo­ca­tion say­ing for the our pun­ish­ment new­est Park Hy­att,” “only said hurts Udell. oth­ers and does Park not Hy­att ben­e­fit Auck­land one­self”. wasUS de­signed com­po­nent­mak­ersby Sin­ga­pore­an­head­quar­tere­drely­heav­ily on Chi­nese en­ter­prises AR+D such Stu­dioas prin­ci­palZTE, HuaweiAli Reda and and Len­ovo lo­cal award-win­ningGroup Ltd for sales. firm Boss­ley Ar­chi­tects,But Ni­cole with Peng, in­te­rior re­search de­sign by di­rec­tor Con­ran at re­search+ Part­ners. firm Canalys The China, pro­ject said will the be USa joint may ven­turenot back be­tweenoff on the Chi­nese­case. and New Zealand-based“The US Com­merce con­struc­tionDepart­ment will not eas­ily lift the ban onZTEin or­der to set an ex­am­ple for other com­pa­nies,” she said. “The un­cer­tainty of the out­come com­pa­nies,is the with fac­tor de­tails that of will the do part­ner­shipthe most to dam­agebe an­nouncedto ZTE’s busi­ness.”in April.

ZhuLu Jiny­ong, Jinsong,a pro­fes­so­ran an­a­ly­stat theat Shang­hai-basedUniver­sity of In­ter­na­tion­alHaitong Se­cu­ri­ties Busi­ness and Co Eco­nomic­sLtd, said thein Bei­jing,ex­port re­stric­tion­s­said China’s on over­seasZTE will in­vest­ment­deeply af­fect is the ex­pected Chi­nese to IT ex­ceed in­dus­try. for­eign “The in­vest­ment­mat­ter is in out this of coun­tryZTE’s con­trol.in two years.The re­stric­tion re­flects a bat­tleLast year be­tween Chi­nese the main­land’sChi­nese and in­vest­men­tUS high-techabroad ranked in­dus­tries.No 3 Althoughat $130 bil­lion,US sup­pli­ers fol­low­ing couldNo 2 ask Hong for Kong per­mis­sionat $165 to bil­lion­sell prod­ucts and No 1 to the ZTE, Unit­edthe US States au­thor­i­tiesat $384 will bil­lion. def­i­nitely deny such a re­quest,”“To in­vest ac­cordingin the to hos­pi­tal­i­tyZhu. prop­erty Traded mar­ketin Shen­zhenin a touris­mand Hong coun­try Kong,such as NewZTE Zealand­stocks re­mained­has a bright sus­pend­ed­fu­ture and asa con­trol­lableof Wed­nes­day. risk,” said Lu.

The re­stric­tion re­flects a bat­tle be­tween the Chi­nese and US high­tech in­dus­tries.”

ZHONGQIU / CHINA DAILY AFP LU

Vis­i­tors test smart­phones at the ZTE stand dur­ing the Mo­bile World Congress in Barcelona.

Chan Laiwa, (4th from left), chair­woman of Fu Wah In­ter­na­tional Group, John Key, (5th from left), New Zealand prime min­is­ter and Wang Lu­tong, (3rd from left), Chi­nese am­bas­sador to New Zealand, at the foun­da­tion lay­ing cer­e­mony of the five-star Park Hy­att Auck­land.

CHINA DAILY PRO­VIDED TO

Artist’s im­pres­sion Hy­att Auck­land.

of Park

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