PIK's host Zheng Chenguang speaks to Vassilios Costis, the new Greek Ambassador to China on Oct 25th, 2013. [Photo Source: CRIENGLISH.com]
When Greek Prime Minister Antonis Samaras brought with him a business delegation of over 60 Greek entrepreneurs on his visit to China in May, it became quite apparent that trade and investment has become a priority as both sides strive to advance bilateral ties.
In an effort to get out of the protracted sovereign debt crisis, Greece has rolled out a massive privatization plan to buoy its flagging economy. This has presented opportunities for Chinese businesses eyeing to expand their operations in the European Union. COSCO, China's state-owned shipping company, has already been in close cooperation with Greece in the shipping industry. Huawei and ZTE have also invested heavily in Greece. More potential investment can also be made in the Greek natural gas field and the building of roads, airports and tourist resorts.
As two of the most ancient civilizations, China and Greece also have great potential in boosting people-to-people and cultural ties. Greece has already become an ideal travel destination for China's middle class travelers. As mutual understanding deepens, the number of Chinese tourists visiting Greece should witness a sharp increase.
So what makes Greece an ideal investment destination for Chinese investors? How can China and Greece foster closer economic and cultural links?
Ni hao, you're listening to People In the Know, bringing you insights into the headlines, in China and around the world; I'm Zheng Chenguang in Beijing.
In today's program, we speak to Vassilios Costis, the new Greek Ambassador to China and Prof. Xing Hua, Senior Research Fellow and Director of Center of EU studies, at the China Institute of International Studies.