BUSINESS

China and Greece agree to further cooperation in transportation, infrastructure

Greece and China agreed to strengthen their strategic partnership during a meeting between Prime Minister Antonis Samaras and Chinese President Xi Jinping on Rhodes on Sunday.

"The Chinese side will continue to support Greece on sovereign debt issues and efforts to promote economic recovery," said the Chinese president.

"China is ready to share its development opportunities with Greece and further enhance the bilateral comprehensive strategic partnership."

Xi made special reference to transportation infrastructure, maritime, energy and green economy. He said that Beijing would back Chinese companies’ efforts to develop the port of Piraeus and the improvement of the railway system.

"Greece welcomes Chinese companies to expand investment in Greece' port, railway, and airport, making the country a gateway to the EU market," said Samaras.

Chinese Premier Li Keqiang visited Greece last month, where he signalled China would buy bonds when Greece issues debt again, in a show of support for the country.

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