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China is the only hope for investments in Greece

26 June 2013 / 20:06:00  GRReporter
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The Chinese corporation is active in the fields of shipbuilding, production and export of industrial machinery and electrical items, tools, photovoltaic modules as well as in textiles and clothing. In 2012, the turnover of SUMEC reached 5.2 billion euro and that of the parent SINΟMACH amounted to 25 billion euro.

"The global economy is really in big trouble today but China has a saying: RAINBOW AFTER STORM. Both Greece and China created some of the most splendid ancient civilizations ever, thousands of years ago. Today, history enables the two countries with ancient civilizations to join hands for greater prosperity," said Cai Jibo, head of the Chinese company, at the signing ceremony of the Treaty of Mutual Cooperation.

"The agreement creates conditions for the development of large infrastructure projects in our country, which will significantly contribute to the economic recovery, creation of jobs and environmental protection," said in turn Alexandros Poulariks, CEO of Attica Finance.

Attica Finance was established mainly with the funds of Greek investors, but it aims to attract foreign investment in order to be able to develop projects that will deliver goods and services with high added value. Businessmen state that China's interest in Greece has proved crucial to finding fresh funds from abroad, stressing that the visit of Prime Minister Antonis Samaras to Beijing last month has had a positive impact on the business relations between the two countries.

Tags: EconomyMarketsChinaInvestmentFDI
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