Thursday December 18, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
China vows to be long-term investor in Greek economy

Greek and Chinese officials on Thursday signed more than a dozen bilateral investment and trade agreements as Chinese Premier Li Keqiang launched a three-day visit to Greece by pledging to be “a long-term, responsible investor” in the country.

Li, who was accompanied on his visit by a large delegation of government officials and entrepreneurs, reaffirmed Beijing’s interest in investing in several sectors of the Greek economy, chiefly infrastructure, transport and energy.

However, in an unexpected move, he also expressed Chinese interest in Greek sovereign debt.

Greece’s return to international bond markets in April showed that “the Greek people have the wisdom and ability to emerge from the crisis,” Li told a joint press conference with Prime Minister Antonis Samaras. When the Greek government next issues bonds, he said, “China will continue to be a long-term, responsible investor.”

Li added that a continued cooperation between Greece and China was “mutually beneficial” while Samaras described it as “strategic.”

Chinese and Greek officials and entrepreneurs are signing a total of 19 deals worth an estimated 6.5 billion dollars, according to Chinese diplomats.

Among the key agreements signed on Thursday was one for boosting trade and investment cooperation, signed by Development Minister Nikos Dendias and his Chinese counterpart Gao Hucheng, as well as a deal for Chinese bank loans to go toward the construction of Greek ships at Chinese shipyards.

There were also deals aimed at boosting Greek exports of olive oil, wine and marble among other products, and for the construction of solar energy parks in Greece.

Three agreements co-signed by Merchant Marine Minister Miltiades Varvitsiotis foresee closer cooperation in the maritime transport sector in which the Chinese already have a strong foothold.

Samaras and Li are to go to Piraeus on Friday morning in a symbolic visit aimed at underlining China’s interest in expanding its presence at the country’s main port. Already the Chinese shipping giant Cosco operates two cargo terminals there and it is interested in the acquisition of a 67 percent stake in the Piraeus Port Authority, one of several state-controlled assets Greece has pledged to privatize.

Samaras emphasized the potential benefits of a closer bilateral cooperation in trade and logistics.

“Greece can become China’s gateway to Europe, and the start of a European trade corridor between Europe and the Far East,” he told Thursday’s press conference.

According to sources, the exchanges between Greek and Chinese government officials behind closed doors were more than cordial, with Li reportedly describing Greece as “China’s most stable and faithful friend in Europe.”

ekathimerini.com , Thursday June 19, 2014 (20:45)  
Austerity curbed human rights in Greece, report says
Snap elections would lead to euro exit, says former premier
Merkel says Russia sanctions to remain unless Putin yields; Greece´s prospects ´better than two years ago´
Kammenos maintains firm position, says general election is ´one-way street´
Greek bond yields fall after ´friendly´ Schaeuble comments
Greek government bond yields fell sharply on Thursday after German Finance Minister Wolfgang Schaeuble said Athens was on the right track in terms of reforms. "If the reforms already under w...
No risk of contagion from Greek vote, Italy´s FinMin says
Italian Economy Minister Pier Carlo Padoan said on Thursday that possible fallout from Greece's political showdown would not trigger a eurozone debt crisis like the one that pushed Italy clo...
Inside Business
BASKETBALL
Pappas helps Greens overcome Aris
An impressive Nikos Pappas averted an upset by Aris and ensured Panathinaikos retained its perfect record on Tuesday, one day after Olympiakos thrashed Panionios at Nea Smyrni for the Basket...
´Wee Jay´ and idol Georgios Samaras receive Greek sports journalists´ award at Athens gala
A 10-year-old Irish fan of Greek striker Georgios Samaras was in Athens on Monday at the invitation of the Greek Sports Journalists' Association, which honored outstanding achievements in sp...
Inside Sports
COMMENTARY
Europe´s drama in Greece needs final act to avoid tragedy
Judging from Wednesday's vote in the Greek parliament, Prime Minister Antonis Samaras may not get the mandate he wants to keep economic austerity measures in place and avoid defaulting on th...
COMMENTARY
A pointless battle
The public closely watched the first act in the three-part drama of Parliament’s election of a new president yesterday. The result was below the expectations of the New Democracy-PASOK coali...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek bond yields fall after ´friendly´ Schaeuble comments
2. No risk of contagion from Greek vote, Italy´s FinMin says
3. Austerity curbed human rights in Greece, report says
4. German finmin says Greece in better shape than expected
5. What SYRIZA says about Greece’s economy, its debt and the euro
6. Unemployment drops to 25.5 pct in Q3
more news
Today
This Week
1. Europe's drama in Greece needs final act to avoid tragedy
2. Election looms as Samaras fails to win vote for president
3. Kammenos maintains firm position, says general election is 'one-way street'
4. Eurozone bond yields fall as 'patient' Fed pleases investors
5. Merkel says Russia sanctions to remain unless Putin yields; Greece's prospects 'better than two years ago'
6. What SYRIZA says about Greece’s economy, its debt and the euro
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. East Europe scrambles for energy after Putin kills South Stream
6. Anarchist Nikos Romanos ends hunger strike
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.