Chinese "Investment" in Kalmar, Sweden with "Sweden Chinese Commodity Wholesale Market"

Six months ago it was made clear that the Chinese corporation Fanerdun Group Inc. will be investing millions in Kalmar, Sweden. The hub of this venture will be the construction of the Sweden China Commodity Wholesale Market, an international trade centre with an exhibition hall with premises for 1100 companies. The centre is expected to generate the interest of wholesale companies all over Europe who will be sending their representatives to Kalmar to view and purchase Chinese products. There will also be housing in connection with the trade centre as well as a hotel.

Mondag the 12th of February is the date for the official initiation of building at the site. Present at the proceedings is Maud Olofsson, Minister for Enterprise and Energy and Deputy Prime Minister.

Last summer, Luo invested the largest Chinese commodity market in Kalmar in southeast Sweden. Specially, this is the first commodity market in North Europe with buy-out property owned by a Chinese. Any joined company can acquire the permanent property of his booth, permanent right of abode in Sweden for three people, and two apartments in Sweden and Hangzhou. "As soon as they settle down, knowing that his offspring will live here forever, he cannot afford to venture any irresponsible behavior". On this basis, Luo Jinxing turns to cultivate extending services besides booth selling, such as logistics and service facilities in the surroundings, which can bring a much larger interest than booth sales. In his concept, it is rather a future Chinese community than a commodity market.