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China warns citizens to avoid Philippines
by Staff Writers
Manila (AFP) Sept 12, 2014


China's wealthy grow despite graft crackdown: report
Shanghai (AFP) Sept 12, 2014 - China's dollar millionaires have increased steadily to more than one million, according to an independent publisher, despite a corruption crackdown and austerity programme launched by the government.

The number of millionaires in mainland China rose 3.8 percent from last year to 1.09 million, according to the Hurun Report, a China-based publisher of luxury magazines and compiler of an annual list of the country's richest people.

The number of "super-rich", defined as those people with personal wealth of at least 100 million yuan ($16 million) rose 3.7 percent to 67,000, it said.

"Although we have been seeing a slowdown in spending, the money is still very much there," founder of the Hurun Report, Rupert Hoogewerf, said in the report Thursday.

After Chinese leader Xi Jinping took over as head of the ruling Communist Party at the end of 2012, he launched both a government austerity campaign and anti-corruption drive which has hit the market for luxury products especially hard.

China's political capital Beijing still has the biggest number of wealthy with 192,000 millionaires and 11,300 super-rich, the report said. The southern province of Guangdong and commercial hub Shanghai follow in both categories.

It forecast the number of millionaires in China could reach 1.21 million and super-rich may rise to 73,000 in the next three years, lifted by steady economic growth.

Millionaires in China include private business owners, professional stock market investors, real estate investors and high-salaried executives, the report said.

China on Friday warned its nationals to avoid visiting the Philippines, citing a foiled bomb plot against the Chinese embassy in Manila and the danger of criminal gangs.

"Given the worsened security situation in the Philippines, the consular department of the Ministry of Foreign Affairs urges Chinese citizens not to travel to the Philippines for the time being," a ministry statement said.

The warning came after three men were arrested last week over an alleged plot to bomb the Chinese embassy, the international airport and the business premises of ethnic Chinese tycoons.

In Beijing, foreign ministry spokeswoman Hua Chunying on Friday urged the Philippine government to do more to protect Chinese citizens.

Aside from the alleged bomb plot, Hua cited "criminal gangs" who had targeted Chinese citizens and businesses.

Philippine Justice Secretary Leila de Lima said last week that the bomb plot may be linked to a fringe politician who had been involved in a string of anti-Chinese protests.

However the Philippine military dismissed the alleged bomb plot, calling the fringe politician a crank who posed no real danger and saying his "bombs" were merely firecrackers.

Police arrested him but then quickly released him.

Diplomatic relations between China and the Philippines have been extremely tense in recent years due to a dispute over competing territorial claims in the South China Sea.

In response to the travel warning, the Philippine foreign ministry released a statement saying it had been liaising with Chinese diplomats to ease their concerns.

Many foreign governments warn their nationals to avoid large parts of the southern Philippines due to the threats of kidnapping, however there are no blanket advisories similar to China's to avoid the entire country.

The travel warning was released just before reports emerged that armed men abducted an 18-year-old Chinese man on the strife-torn southern island of Mindanao late on Thursday.

Local police spokesman Senior Inspector Leo Castillo said the gunmen had not been identified but it was believed to be another case of kidnapping for ransom, a common crime in the south committed by Muslim rebels.

Castillo said the parents of the abductee, a store manager, were Chinese nationals.

However a spokeswoman at the Chinese embassy in Manila said Friday that diplomats were still trying to confirm if the abducted man was a Chinese citizen.

Chinese tourist arrivals in the first half of 2014 rose 13.6 percent year on year to 226,163, the third highest, just behind South Koreans and Americans, according to the Philippine government.

strs-mm/kma/sls

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