BUSINESS

Cretan olive oil heading east to China

Chinese President Hu Jintao takes part in the olive harvesting process on Crete yesterday, on the last day of his official visit to Greece. Accompanied by Foreign Affairs Minister Dora Bakoyannis and Tourism Minister Aris Spiliotopoulos (left) Hu said that Crete plays a large role in ties between the two countries. 'Cretan olive oil has already started entering the Chinese market, while, in the last few years, Crete has closer ties with Hainan Province, actively promoting bilateral cooperation on the economic development of islands,' said the Chinese president. On Tuesday, Hu witnessed the signing of the deal involving China's Cosco taking over the cargo management facilities of the Piraeus port for a 35-year period.

Online