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n other sectors.

"The crisis was mainly caused by debt woes in mega-projects and exodus of foreign investment, hitting hard property and financial services. Import and export with Dubai are not seriously affected," said Fang Xiaoqiang authentic christian louboutin sale , general manager of Longfei Import and Export Company Limited based in Yiwu, Zhejiang Province.

Chen echoed Fang's opinion, saying that only those who borrowed hugely to speculate in property suffered great losses and most Chinese businessmen felt lucky as they only spared a part of capital on property investment and did not give up their main businesses.

Hu Bin, board chairman of Shanghai Zhongzhou International Group Company, invested 28 million U.S. dollars to buy an artificial island in Dubai in 2007.

Construction of the island, with 1.2 billion yuan of investment, were scheduled to be finished in 2010, but have been suspended after the global financial crisis, Hu said.

"It's normal for businessmen to suffer crisis. The Dubai World debt crunch this time is not as devastating as the global financial crisis last year," Hu said.

"Despite a lot of uncertainties around, most Chinese investors are confident in Dubai's future and the recovery of its property market," Chen said.
GUANGZHOU, June 23 -- Chinese ceramic makers said Wednesday they would work together to defend themselves in the European Union's anti-dumping investigation into imports of Chinese-made ceramic tiles.

The European Commission said Monday they had started to investigate whether imports of ceramic tiles from China are being dumped on the EU market after a complaint was lodged by the European Ceramic Tile Manufacturers' Federation (CET) in May.

More than 150 representatives from about 100 firms Tuesday gathered in Foshan City, where 80 percent of the 1 authentic christian louboutin sale ,400 ceramic producers involved in the probe are located, to discuss ways to deal with the biggest anti-dumping investigation ever into the Chinese ceramic industryfavourite blog 000 U.S. tire worker jobs., according to the China Ceramics Industry Association (CCIA).

"If the commission thinks the anti-dumping charges are true, a 430.5-percent punitive tariff will be imposed on Chinese ceramic companies, which means the EU's ceramic market would be closed to 'made-in-China' products," said Lan Weibin, director with CCIA's Foshan Office.

"The impact on the industry would be tremendous authentic christian louboutin sale ," he said.

This was the sixth time in 10 years that the EU had launched an anti-dumping probe into Chinese made ceramics. Chinese firms had suffered great losses in the previous charges, said Lan.

"The anti-dumping charge is not fair as Chinese exports of ceramics to the EU increased by only 1 percent last year authentic christian louboutin sale , while sales of some major ceramic producing EU countries dropped by 40 percent," said Lan.

About 40 percent of ceramic production lines in the EU's major producers like Spain and Italy had closed during the economic downturn due to rising costs and shrinking profits, said Chen Yanbing, pres