Bonds, Currencies, Emerging Markets, Stocks

Greek, Chinese Leaders Talk Investment And Cooperation

China Greece

Chinese firms have expressed their interest in investment opportunities in Greece, Chinese Premier Li Keqiang told Greece’s Prime Minister Alexis Tsipras during a telephone conversation, an unnamed Greek government official told Reuters on Thursday.

Greece is positioned in a strategic location for China where it could set up a hub for distribution of its products to Europe and Africa following talks with the previous Greek government that led to close ties.

“The Chinese premier assured Alexis Tsipras that there is interest from Chinese companies for new investments in Greece,” the Greek official told Reuters on Wednesday. “The two leaders discussed deepening economic, commercial and cultural cooperation.”

On Wednesday, China’s Foreign Ministry said that it was unaware of any offer from Beijing for financial aid to Greece, following  a statement by Greece’s deputy foreign minister whom said that China (amongst other nations, would be a ‘plan B’ for economic assistance) had offered economic support to the nation, despite no official request from Athens.

According to the unnamed Greek official, the two leaders had discussed sending a Greek delegation to China to prepare for a visit by Tsipras, however there were no further details provided.

According to a statement posted to the Chinese government’s website on Thursday, Premier Li said that he “hopes the two sides can abide by their promises” and that “Greece’s government can provide Chinese companies operating in the country with even better legal safeguards”.

The statement did not provide any further details on the matter.


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