ECONOMY

Business with China grows

Greek-Chinese business cooperation is growing, a forum in Athens showed on Monday, as more Chinese funds are being invested in Greece and Greek exports to the Far East country are increasing.

The Hellenic-Chinese Chamber, headed by Costas Yiannidis (left), organized the event that heard Regional Development Minister Michalis Chrysochoidis (center) say that exports to China grew by 55.9 percent year-on-year in 2010 and that Chinese firms have agreed to three new energy projects in Greece: Chinese group Dongfang signed a deal with Greece?s DTS for two solar power projects, one for producing 250 megawatts and another for 750 MW, for a total of 2.5 billion euros, while China?s SinoSolar signed an agreement with Greek firm Fyllo Energy for a 35-million-euro investment to produce 110 MW.

“Cooperation in solar energy in Greece has a brilliant future as Greece is very advantageous in solar energy and sunshine,» said Zhang Yujing (right), head of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products.