Saturday, December 20, 2014   




A home away from home, perhaps

Wednesday, February 22, 2012

Anyone considering a holiday may want to check out the "Hong Kong of Europe." Never heard of it? You may be surprised to learn it's Ireland.

So says Kevin Lynch, chairman of the Ireland China Association, which is responsible for promoting trade between the two countries. Vice President Xi Jinping has just ended a three-day visit to the country.

Ireland is attractive for mainland investors because it's the "Hong Kong of Europe," Lynch told China Daily, perhaps employing just a little bit of the old Irish blarney.

"It is the only English-speaking country in the euro zone. So for Chinese investors wanting access to Europe, access to countries trading in the euro zone, Ireland is a natural fit."

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With a corporate tax rate of just 12.5 percent, a number of leading international firms base their European operations there.

Top mainland firms including Bank of China and Industrial and Commercial Bank of China and leading telecom equipment firms Huawei and ZTE have also expanded there, Irish officials say.


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