Chinese in the DR

windeguy

Platinum
Jul 10, 2004
33,120
1,295
113
What Do Chinese Investments Mean for the Dominican Republic?

History of Relations Between China and Dominican Republic

As you have probably heard, China and the Dominican Republic signed the diplomatic relations on May 1, 2018. The Caribbean nation cut the diplomatic ties with Taiwan, a known rival of China, that has been enjoying the support and protection of the USA for several decades now. Thus, the Dominican government gave the official status to the longtime trade and cultural relations with the Asian giant.

If we look at the trade volume between the two countries, it has been steadily growing since 2010. The main products that the Dominican Republic imports from China are motorcycles, vehicles, electronic devices, footwear, textiles, machinery, and equipment. While the main products that the Dominican Republic exports to China are minerals, waste paper and cardboard, and animal skin. So signing the diplomatic relations was a logical step formalizing the commercial processes that have been enriching the country’s economy.

China and DR trade

Moreover, the Dominican Republic has held 7 editions of Dominican Republic-People’s Republic of China Trade Exposition, during which Chinese companies signed contracts in automobile, electronic, construction, medical, and consumer goods. 6 Chinese companies participated in the government’s tendering for the construction of 2 carbon plants Punta Catalina. And one of them, Gezhouba Group, even got to the finals.

Furthermore, the Chinese community in the Dominican Republic forms one of the largest Chinese communities in Latin America. Although no official census has been made, there are estimates of approximately 50,000 people of Chinese origin living in the country. Besides, Santo Domingo’s Chinatown is one of the city’s main tourist attractions. It includes around 500-700 Chinese restaurants and other small stores.

Future Of the Relations Between China and Dominican Republic

Chinese companies have big plans for the Dominican Republic. The expanded investment and loan-funded projects are likely to principally occur in mining, construction, electricity (wind and solar generation), manufacturing (assembly of Chinese goods for export to the US) and retail.

Some of them include a waste incineration plant and a gas plant at a cost of US$270 million; a multifunctional water resource and hydraulic project in river of Yuna of US$350 million, and a project of 10,000 low-cost houses for US$200 million, which is in total US$820 million of investment. This new chapter could bring much-needed economic opportunities to the country, where one out of three Dominicans is still fighting poverty and where youth unemployment is about double the overall jobless rate.

Additionally, the Engineering Construction Corporation (CCECC) announced its interest in the Puerto Plata and Samana ports where they would invest US$2 billion dollars to develop a free trade zone and a commercial terminal for trading goods directly with China. Then the good can be exported to the US market taking advantage of the Central American Free Trade accord.

But most importantly, the Dominican Tourism Department aspires to attract 7% of 31 million Chinese travelling to the North America or around 3 million per year. The Dominican Republic is updating its tourism industry and contacting partners, investors and Chinese tour operators to get ready for receiving mass Chinese visitors. As part of this program, visa and other restrictions will be eliminated to attract more tourists and investors to the country.

To conclude, the diplomatic decision to forge a new official partnership with China promises several billions of investment. It is expected to bring more tourists to the Dominican beautiful beaches, improve the infrastructure, increase the export volume and further develop mining, construction and energy.

What do you personally think about the Chinese-Dominican relations? Do you follow the Dominican news and politics in general? Please let us know whether you would like to receive more similar updates about the Dominican Republic and its politics.

http://dreamcityresort.com/chinese-investments-in-dominican-republic/
 

nekokatt

Member
Feb 25, 2012
38
0
16
500-700 Restaurants?!?! I walked the SD Chinatown - its only about 3 x 3 blocks Probably 5 to 7 restaurants
 

Fulano2

Bronze
Jun 5, 2011
2,496
172
63
Europe
They have some at the north-coast as well, even in Nagua...well call them restaurants is a very positive point of view,
 

Riva_31

Bronze
Apr 1, 2013
2,155
2
38
500-700 Restaurants?!?! I walked the SD Chinatown - its only about 3 x 3 blocks Probably 5 to 7 restaurants
They are counting also the Pica Pollos, maybe are more than 1,000, By the way Culture Ministery announced there was agreement to start the 2nd fase of the restauration of the Colonial Zone, Plaza de la Cultura Juan Pablo Duarte and Columbus lighthouse, and mentioned as they are planning to catch part of the chinees turist and would be impossible to do it just showing beaches without Culture.

http://infoturdominicano.com/rd/?p=43179
 

CristoRey

Silver
Apr 1, 2014
5,264
1,287
113
500-700 Restaurants?!?! I walked the SD Chinatown - its only about 3 x 3 blocks Probably 5 to 7 restaurants
100% Agreed. After reading this statement I just laughed to myself
and didn't bother reading the rest of the article as one can only assume
the rest of it is BS as well.

What does it mean now that the DR politians are jumping into bed
with the Chinese? Get ready to start seeing massive land consessions,
more casinos, over development of shopping malls, hotels and new
construction in and around the barrios in the national district. Explotation
of what little natural resources this country has left to offer and a ton of bribes
paid to the crooks who are running this country. The Chinese will make
those Odebrecht bribes look like a drop in the bucket. Besides.. where in
the hell did yall think Danilo was going to get money to fund his next
presidential campaign now that most of the folks who helped finance his
last one are sitting in prison?
 

the gorgon

Platinum
Sep 16, 2010
33,997
77
0
100% Agreed. After reading this statement I just laughed to myself
and didn't bother reading the rest of the article as one can only assume
the rest of it is BS as well.

What does it mean now that the DR politians are jumping into bed
with the Chinese? Get ready to start seeing massive land consessions,
more casinos, over development of shopping malls, hotels and new
construction in and around the barrios in the national district. Explotation
of what little natural resources this country has left to offer and a ton of bribes
paid to the crooks who are running this country. The Chinese will make
those Odebrecht bribes look like a drop in the bucket. Besides.. where in
the hell did yall think Danilo was going to get money to fund his next
presidential campaign now that most of the folks who helped finance his
last one are sitting in prison?
Danilo can't run for president any more.
 
Sep 4, 2012
5,931
57
48
very true. i think he is done this time...i think there will be a revolt if he tries to.
A revolt which would be easily tamed by providing a gallon of gas to Motoconchos, a box with 5 pounds of rice, beans and sardines to the maids, and a week free ride tickets in the teleferico and metro to the Tigres.

On August, Danilo is back on the seat.

Sent from my Pixel 2 using Tapatalk
 
Sep 4, 2012
5,931
57
48
]
A revolt which would be easily tamed by providing a gallon of gas to Motoconchos, a box with 5 pounds of rice, beans and sardines to the maids, and a week free ride tickets in the teleferico and metro to the Tigres.

On August, Danilo is back on the seat


Sent from my Pixel 2 using Tapatalk
 

mobrouser

Bronze
Jan 1, 2002
2,250
26
48
To be fair the article states:
...Santo Domingo’s Chinatown is one of the city’s main tourist attractions. It includes around 500-700 Chinese restaurants and other small stores.....
It's possible that an extra zero was added to the numbers that was not caught in proof reading.

However, I don't think Chinatown was meant to be the main focus of the article.
 

bob saunders

Platinum
Jan 1, 2002
27,863
1,484
113
dr1.com
There is one Chinese restaurant in Gaspar Hernández and one in Sabaneta so I can see 500 in the whole country.
Please Asian people come here I miss you!!!!!!
There are three Chines run restaurants in Jarabacoa and at least four stores. According to my daughter-in-law the ones she talked to speak Cantonese not Mandarin.
 

CristoRey

Silver
Apr 1, 2014
5,264
1,287
113
When it comes to the Chinese way of doing things, apparently Mr. Bernardo Vega
agrees with me too.

" Vega focuses on two points that could be convenient to the Dominican Republic in regards to China. This is that the country attract Chinese export companies that generate jobs and that China buy our sovereign bonds at subsidized rates. Vega highlights that a free trade agreement definitely is not of interest to the Dominican Republic.

He writes that it is tempting to replace Odebrecht with mega Chinese infrastructure projects, but he urged the government to avoid this temptation. “The Chinese are as corrupt as Odebrecht. I doubt that they are interested in buying Catalina because they prefer to build the projects themselves. Developing the port of Manzanillo and adding natural gas plants make sense. The United States already exports that gas to our country and Panama. Our generation is concentrated between Macoris and Haina and a natural disaster would affect us a lot.” [China has already signed a memorandum of understanding in this direction.]"

Source: DR1 News (today)
 
Sep 20, 2003
1,217
44
0
When it comes to the Chinese way of doing things, apparently Mr. Bernardo Vega
agrees with me too.

" Vega focuses on two points that could be convenient to the Dominican Republic in regards to China. This is that the country attract Chinese export companies that generate jobs and that China buy our sovereign bonds at subsidized rates. Vega highlights that a free trade agreement definitely is not of interest to the Dominican Republic.

He writes that it is tempting to replace Odebrecht with mega Chinese infrastructure projects, but he urged the government to avoid this temptation. “The Chinese are as corrupt as Odebrecht. I doubt that they are interested in buying Catalina because they prefer to build the projects themselves. Developing the port of Manzanillo and adding natural gas plants make sense. The United States already exports that gas to our country and Panama. Our generation is concentrated between Macoris and Haina and a natural disaster would affect us a lot.” [China has already signed a memorandum of understanding in this direction.]"

Source: DR1 News (today)
For the sake of the country's future, avoid these deals. When you deal with Beijing, beware.
 

cbmitch9

Bronze
Nov 3, 2010
845
6
0
What Do Chinese Investments Mean for the Dominican Republic?

History of Relations Between China and Dominican Republic

As you have probably heard, China and the Dominican Republic signed the diplomatic relations on May 1, 2018. The Caribbean nation cut the diplomatic ties with Taiwan, a known rival of China, that has been enjoying the support and protection of the USA for several decades now. Thus, the Dominican government gave the official status to the longtime trade and cultural relations with the Asian giant.

If we look at the trade volume between the two countries, it has been steadily growing since 2010. The main products that the Dominican Republic imports from China are motorcycles, vehicles, electronic devices, footwear, textiles, machinery, and equipment. While the main products that the Dominican Republic exports to China are minerals, waste paper and cardboard, and animal skin. So signing the diplomatic relations was a logical step formalizing the commercial processes that have been enriching the country’s economy.

China and DR trade

Moreover, the Dominican Republic has held 7 editions of Dominican Republic-People’s Republic of China Trade Exposition, during which Chinese companies signed contracts in automobile, electronic, construction, medical, and consumer goods. 6 Chinese companies participated in the government’s tendering for the construction of 2 carbon plants Punta Catalina. And one of them, Gezhouba Group, even got to the finals.

Furthermore, the Chinese community in the Dominican Republic forms one of the largest Chinese communities in Latin America. Although no official census has been made, there are estimates of approximately 50,000 people of Chinese origin living in the country. Besides, Santo Domingo’s Chinatown is one of the city’s main tourist attractions. It includes around 500-700 Chinese restaurants and other small stores.

Future Of the Relations Between China and Dominican Republic

Chinese companies have big plans for the Dominican Republic. The expanded investment and loan-funded projects are likely to principally occur in mining, construction, electricity (wind and solar generation), manufacturing (assembly of Chinese goods for export to the US) and retail.

Some of them include a waste incineration plant and a gas plant at a cost of US$270 million; a multifunctional water resource and hydraulic project in river of Yuna of US$350 million, and a project of 10,000 low-cost houses for US$200 million, which is in total US$820 million of investment. This new chapter could bring much-needed economic opportunities to the country, where one out of three Dominicans is still fighting poverty and where youth unemployment is about double the overall jobless rate.

Additionally, the Engineering Construction Corporation (CCECC) announced its interest in the Puerto Plata and Samana ports where they would invest US$2 billion dollars to develop a free trade zone and a commercial terminal for trading goods directly with China. Then the good can be exported to the US market taking advantage of the Central American Free Trade accord.

But most importantly, the Dominican Tourism Department aspires to attract 7% of 31 million Chinese travelling to the North America or around 3 million per year. The Dominican Republic is updating its tourism industry and contacting partners, investors and Chinese tour operators to get ready for receiving mass Chinese visitors. As part of this program, visa and other restrictions will be eliminated to attract more tourists and investors to the country.

To conclude, the diplomatic decision to forge a new official partnership with China promises several billions of investment. It is expected to bring more tourists to the Dominican beautiful beaches, improve the infrastructure, increase the export volume and further develop mining, construction and energy.

What do you personally think about the Chinese-Dominican relations? Do you follow the Dominican news and politics in general? Please let us know whether you would like to receive more similar updates about the Dominican Republic and its politics.

http://dreamcityresort.com/chinese-investments-in-dominican-republic/
Oh Happy days!! Oh Happy Days!!...For the DR Politicians that is.:)
 

ohmmmm

Bronze
Jun 11, 2010
615
33
48
China promised something like $30 billion in investments to Haiti as well. There are always strings attached and the threat of military actions, political intervention and etc. in the future in order to make sure they get their money back with interest.
 

Riva_31

Bronze
Apr 1, 2013
2,155
2
38
China promised something like $30 billion in investments to Haiti as well. There are always strings attached and the threat of military actions, political intervention and etc. in the future in order to make sure they get their money back with interest.
Haiti didnt brake ties with Taiwan, do you mean Taiwan promised that investment? I watched the video and I dont think in this country they will invest in something they wont get their money back.