Thursday, July 10, 2014





China looking for new markets in eastern Europe


November 26. 2013 4:37AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Chinese Prime Minister Li Keqiang says Chinese investment in infrastructure construction, renewable energy and agriculture in eastern Europe will bring greater prosperity and jobs in the region.


Li said China's economic interest in eastern and central Europe would bring "massive investments and will lead to a growth in trade."


He spoke at the opening of a meeting with leaders from 16 central and eastern European nations. Three hundred Chinese business people accompanied Li for the meeting.


Analysts say that faced with rising labor costs and a strengthening currency at home China is attracted to eastern Europe due to its lower labor costs and looser restrictions on business, and see the region as a gateway to the EU.


Bilateral commerce between China and Romania this year amounted to $3.27 billion.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds