Chinese FDI in Barcelona. This is the end.Written by Julen Madariaga on February 14th, 2009
I have a bunch of friends back in Spain who are always quick to send me the juiciest China news coming up over there, and to supervise that I’m fulfilling my duties as a bridge blogger.
This time I have received a couple of links from Spanish newspapers El Pais and El Mundo where there is evidence of at least two different Chinese industries that continue their cheerful expansion to the West in spite of the World Crisis: These are the industries of Shady Barber Shops and Mahjong Gambling Dens. Fourteen of them have been closed down in a recent police raid in Barcelona.
In recent months local residents of the districts of Eixample, Sants-Montjuïc, Gràcia, Horta-Guinardó and Sant Martí, had brought to the police their suspicions that many hairdressers opened recently by Chinese citizens were something more than to cut and dye hair.
Yes, how perspicacious. I never knew of these things during the three years I lived in Barcelona. For linguistic reasons I had quite a few friends in the Chinese migrant community over there and I frequented the Chinese areas of the city. As far as I know these FDIs must be very recent.
Anyway, so much for the Chinese hairdressers’ expansion. Although gambling and prostitution are not among the Rights that this blogs stands for, I can’t help feeling a bit sorry for those Chinese that see their business seized by the police. Something must have gone wrong with their otherwise perfectly profitable business model. Perhaps they didn’t remember to “glocalize instead of globalize”. Perhaps the local police superintendent is not keen on Asian chicks, or maybe they chose the wrong hand to oil. Who knows.
The New Iceland?
Since we are at it, and on a completely different subject, check out below this scary chart of Spanish unemployment that newspaper El Correo published this week. Two little thoughts:
First, I am seriously afraid that Spain is going to turn into the next Iceland. The growth of these last years was so based on the real estate bubble that troubles could be smelled all the way from China. Am I going to turn into a poor immigrant in Shanghai working my ass off to send money back to homecountry? It would be an interesting role reversal, after all the Chinese I met doing exactly that in Barcelona. Oh well, it was inevitable at some point, I guess, I just never imagined it could come so soon.
Second, as an engineer I note again how numbers and charts are powerful tools of manipulation. The chart below goes so high on the Y axis that it almost needs logarithmic scales to fit in the paper. A mere problem of the units chosen, of course… or of the number of copies the newspaper wishes to sell.
Inversely, it would be very easy to make this graph look flatter with a more harmonious objective in mind… CCTV, take note, you might consider hiring a specialist like me to re-engineer your charts and numbers for harmonious results. But then, what do they care, they simply would not publish the negative charts.
(yes, it is CCTVbashing week this week)