China to increase its investment in Greece's port industry
China is to increase its investment in Greece's port industry, and deepen its economic ties with the southern European country as it struggles to clear its massive debts, Vice-Minister of Commerce Jiang Yaoping said.
Speaking at a China-Greece business forum - being held during a five-day visit by Greek Prime Minister Antonis Samaras - Jiang said China will expand its investment in Greece's Piraeus harbor, the country's largest port.
After operating parts of Piraeus for the past three years, Chinese shipping giant China Ocean Shipping (Group) Co is believed to have invested 1 billion euros ($1.29 billion) for a 60 percent stake in Piraeus port early this year.
(5 days ago, by arnekiel
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