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China vows to boost cooperation with Greece

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China vows to boost cooperation with Greece

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On the first day of his visit to Greece, Chinese Premier Wen Jiabao has said he expects ties between the two countries to be expanded. Meeting with Greek Prime Minister, George Papandreou in Athens, Jiaboa assured him that bilateral relations would be further developed.

Greek and Chinese private companies will work together in areas such as shipping construction and tourism, in order to stimulate investment in Greece. A shipping deal already signed will bring in over 200 million euros.

Though both countries will also sign an investment memorandum, specific volumes have not been outlined.

Reports in the Greek press claim China has promised to buy some of its bonds – though this topic is not on the leaders’ agenda.