ECONOMY

Chinese PM’s visit to bring shipping pacts

Chinese Vice Foreign Minister Fu Ying suggested yesterday in Beijing that the visit to Greece by the country’s premier, Wen Jiabao, next week will bring about some shipping and ship-financing agreements. ‘We will encourage more Chinese companies to make investments in Greece when the time is ripe and we will also encourage Chinese tourists to go to Greece,’ said Fu. She also conveyed her government’s approval of Athens’s austerity measures. Fu also lent Beijing’s support to the European Union’s efforts to tackle its members’ debt problems. ‘The European Union and the International Monetary Fund have adopted positive measures and we are positive about that. We have noted that the Greek government has taken a lot of measures that have paid off. We hope that Greece will recover from the crisis,’ the Chinese official added.