China ex­tends pen­e­tra­tion of lo­cal mar­ket

Kathimerini English - - Focus - ILIAS BELLOS

Chi­nese en­ter­prises are show­ing an in­creased in­ter­est in Greece, as not only does the coun­try of­fer them an en­try gate to the euro­zone and the rest of Europe, but it’s also a rel­a­tively new mar­ket for them.

Just weeks af­ter the sign­ing of a co­op­er­a­tion agree­ment be­tween Pub­lic Power Cor­po­ra­tion and China Ma­chin­ery En­gi­neer­ing Cor­po­ra­tion (CMEC) on the de­vel­op­ment of joint in­fra­struc­ture projects, and days af­ter the ac­qui­si­tion of 24 per­cent in the In­de­pen­dent Power Trans­mis­sion Op­er­a­tor (ADMIE) by China’s State Grid Corp, the head of China Shen­hua Group ar­rived in Athens with his staff.

The chief of one of the world’s big­gest cor­po­ra­tions in coal and en­ergy trad­ing “ex­pressed his will to un­der­stand in depth the Greek en­ergy mar­ket and pro­mote co­op­er­a­tion with Greek en­ter­prises, such as on lig­nite-pow­ered elec­tric­ity units,” Kathimerini has been told.

He is not alone. Af­ter in­vest­ments in in­fra­struc­ture (through Cosco in Pi­raeus) and en­ergy, Chi­nese en­ter­prises are now eye­ing the sec­tors of food, ser­vices, tourism (and its in­fra­struc­ture), sci­en­tific in­no­va­tion, cul­ture, prop­erty mar­ket and health­care. The next few weeks will see the ar­rival of Chi­nese business mis­sions to Greece to that end, af­ter the com­ple­tion of prepara­tory work for that pur­pose, with China also to be the coun­try of honor at the 2017 Thes­sa­loniki In­ter­na­tional Fair.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.