PanArmenian.Net
13 May 2017, 18:07 GMT+10
PanARMENIAN.Net - Chinese President Xi Jinping offered the prime minister of deeply indebted Greece strong support on Saturday, May 13, saying the two countries should expand cooperation in infrastructure, energy and telecommunications, Reuters reveals.
Xi told Prime Minister Alexis Tsipras that Greece was an important part in China's new Silk Road strategy.
"At present, China and Greece's traditional friendship and cooperation continues to glow with new dynamism," China's Foreign Ministry cited Xi as saying.
Cooperation in infrastructure, energy and telecommunications should be "deep and solid", Xi added, without giving details.
Tsipras is in Beijing to attend a summit to promote Xi's vision of expanding links between Asia, Africa and Europe underpinned by billions of dollars in infrastructure investment called the Belt and Road initiative.
Greek infrastructure development group Copelouzos has signed a deal with China's Shenhua Group to cooperate in green energy projects and the upgrade of power plants in Greece and other countries, the Greek company said on Friday.
The deal will involve total investment of 3 billion euros ($3.28 billion), Copelouzos said in a statement, without providing further details.
China has been investing heavily in Greece in recent years.
Its biggest shipping company, COSCO Shipping, bought a majority stake in Piraeus Port Authority last year under a plan to turn Greece into a transhipment hub for rapidly growing trade between Asia and Eastern Europe.
China State Grid [STGRD.UL] also agreed last year to buy a 24 percent stake in power grid operator ADMIE for 320 million euros.
Get a daily dose of China National News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to China National News.
More InformationCAIRO, Egypt: Egyptian authorities have prohibited swimming in a stretch of the Red Sea after an Australian woman was killed ...
NEW YORK CITY, New York: Bette Nash, age 86, has been named the longest serving flight attendant in the world, ...
LONDON, England: A UK parliamentary committee has told lawmakers that they may not bring babies to parliamentary proceedings and debates.The ...
WASHINGTON D.C.: Hershel "Woody" Williams, the final surviving Medal of Honor recipient from World War Two, has died at a ...
SEATTLE, Washington: A Norwegian cruise liner has canceled its sailing and returned to port after damage was discovered following its ...
WASHINGTON D.C.: U.S. Commerce Secretary Gina Raimondo has said that since the U.S. and its allies imposed sanctions on Moscow ...
CAIRO, Egypt: Egyptian authorities have prohibited swimming in a stretch of the Red Sea after an Australian woman was killed ...
Tokyo, Japan: On June 28, Japan baked under intense heat for a fourth successive day, with temperatures breaking nearly 150-year-old ...
SHANGHAI, China: Walt Disney Company reopened Shanghai Disneyland on 30th June, one month after the city lifted a two month ...
LISBON, Portugal: Tuvalu Foreign Minister Simon Kofe walked out of the opening cermonies of this week's United Nations Ocean Conference ...
Beijing - China's foreign minister called for Myanmar's junta to hold talks with its opponents Sunday during his first visit ...
Australian Prime Minister Anthony Albanese on Sunday pledged further military support to Ukraine, including armored vehicles and drones, while meeting ...