The end of last year saw both countries’ presidents meet in Portugal and both of them agreed that the Portugal-China relations have never been better. China’s President, Xi Jinping, admitted then that China keeps an eye on the European Union and the Portuguese territory, with whom it wants to build pragmatic cooperation and profound friendship. Xi Jinping introduced the plan “Belt and Road Initiative”, which will allow China to reinforce the communication channels between Asia, Europe and the rest of the World, with China at its strategic centre.
This plan foresees an investment to strengthen infrastructures, both physical and digital, to facilitate the communication ways for the “Belt and Road Initiative” that will physically connect China to Europe, involving almost 70 countries. From the Portuguese perspective, the country will do whatever is in its power to cooperate with the initiative in the same manner as Spain and Italy, for instance. The Portuguese focus is mainly on exploring the maritime potential of this endeavour, highlighting the Sines Port as the great entrance to Europe for merchandise that comes from the Atlantic.
There are over 20 thousand Chinese living in Portugal presently and “They feel good in Portugal”, says Y Ping Chow, from the Chinese Community in Portugal. Y Ping Chow has lived in Portugal since 1962 when, at the age of 7, he came to live in Porto with his family that already lived there for some decades. He feels that the Chinese are well integrated in Portugal. “It’s a safe country, doesn’t have racial discrimination, the cost of living is reasonably cheap, weather like you can’t find in many countries around the world. Besides, everything is small, it’s easier to develop. The Chinese community loves Portugal and the Portuguese.”
Asked to elaborate more on the Chinese presence in Portugal, he added that “Even though the Chinese are very well integrated in Portugal, there is an idea in the air that they are coming here to buy everything that belongs to the Portuguese. The Portuguese run their businesses and those businesses benefit both sides: China and the Portuguese companies. But this is not discrimination from anyone, it is simply a misinterpretation, some incomprehension, by some political forces.”
To better serve the Chinese citizens already living in Portugal and to further welcome those that want to invest in the Portugal Golden Visa Program, the Chinese and Portuguese entities signed a protocol to develop a unit of traditional Chinese medicine that is believed to open to the public during 2019.
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Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investor from the USA
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