21 Jul 2011

Palau government assures no worries over Chinese investment drying up

7:12 pm on 21 July 2011

A spokesman for Palau's President is rejecting media reports that Chinese investment has dried up as a result of Palau granting asylum to six former Guantanamo detainees from the Chinese Muslim Uighur minority.

The president of Palau, Johnson Toribiong, was quoted telling a US Senate sub-committee that the Chinese investor building a five-star hotel in Palau was no longer able to get money out of China.

But his press secretary Firman Meriant says while construction on the hotel did come to a halt when the Uighurs arrived in 2009, it re-commenced a few months ago.

He says he's unaware of any problems with Chinese investments and says the hotel project will be completed.