Chinese Investments in Greek Privatization Projects

Premier of People’s Republic of China Li Keqiang arrived at Eleftherios Venizelos Airport in Athens just before 3:30 p.m. on June for a three-day visit in Greece. His Greek counterpart Antonis Samaras and his wife were there to welcome him. The Chinese Premier disembarked holding hands with his wife Cheng Hong. Beijing has declared its intentions to take part in Greek privatization projects by investing funds in public companies. The Greek government believes that the Chinese PM’s visit will open a series of new investments in Greece. It is indicative that China Development Bank is ready to sign funding agreements with Greek shipowners who are willing to build ships in China. China Development Bank will also examine the possibility of granting loans to Greece for upgrading its port infrastructure. Li Keqiang is accompanied by representatives of business groups and state institutions that will participate in more than 100 meetings of the Greek-Chinese Maritime Co-operation Forum. The Chinese intend to invest in five sectors, namely shipping, Piraeus Port, Eleftherios Venizelos Airport, Kastelli Airport in Crete, and Hellenico. More specifically, three shipping agreements are expected to be signed.  

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