Sunday, December 12, 2010
Generous investment in the Greek market trends in China's strategic vision.
<P> 6 14, the international credit rating agency Moody's sovereign credit will be reduced to the Greek "junk", so to improve the deficit in Greece started just be worried. .At the same time, however, a huge investment from China to Greece grin. .June 15, Chinese Vice Premier Zhang Dejiang in Greece 4-day visit, Chinese enterprises signed with Greece, a total of 14 billions of euros of commercial agreements, mainly related to shipping, real estate, agricultural exports, etc. .. .</ P> <P> market trends in China's generous investment in Greece, attracted foreign media attention, although there are challenged media investment in China "strategic intent", but China's move is timely to win the praise of the Greek domestic public opinion. .</ P> <P> caused by large investments outside the media suspicions </ P> <P> According to reports, China and Greece signed the 14 agreements covering shipping, telecommunications, olive oil exports and construction of the elevated monorail in the western Athens .rail and marine theme parks and many other content. .Among them, the foreign media is most interested in the maritime cooperation between the two countries. .</ P> <P> United States, "Washington Post" reported on the 16th that the order in which billions of euros, China Ocean Shipping Group Company (COSCO) and reached the Greek dry bulk shipping construction and lease agreement .value of more than 500 million euros. .Under the agreement, COSCO Group will be built in Greece for up to 15 dry bulk carriers. .The COSCO Group, COSCO Pacific Ltd. won the bid as early as last year, made the Greek port of Piraeus local container terminal II and III of 35-year franchise. .The company will also invest 700 million U.S. dollars to build a new terminal. .</ P> <P> in the June 15 agreement, the Beijing Construction Engineering Group has signed a hotel in Piraeus and shopping mall development agreement, the value of 1 billion euros. .Piraeus, the future will show a new business hotel complex. .</ P> <P> analysis of some Western media that China's huge investment in the friendship between the brand must not only fight, but to use the Greek tradition of industrial advantages, do big business. .Even the media of normal economic and trade cooperation between China and Greece expressed doubts about the real intentions of that invested heavily in China, Greece, in order to consolidate its interests in Europe. ."China really coveted connectivity in the Balkans and Greece's strategic location in Europe. China wants the crisis to take advantage of the Greek East and the West to build a connection the channel of transport and energy networks." </ P> <P> United States, "Washington Post" 16 .Day reported that the investment plan, the core project is the transformation of the port of Piraeus is located in the Mediterranean, turning it into another port of Rotterdam. .This project will provide a modern Chinese enterprise channel, which connects the northern part of Europe and Africa over the consumer market. ."China is committed to creating a 'new maritime Silk Road' is just beginning." </ P> <P> "Süddeutsche Zeitung" that China is accelerating urbanization, the urbanization process is complete, it needs at least 10 years. .This process should be in the end, China needs a lot of steel and energy, only to ensure the safety of foreign sources of supply in China. ."Chinese investment in Greece is a long-term strategic considerations for a move out of." </ P> <P> open the door to the euro zone </ P> <P> also the Western media that China in Greece came to the brink of ruin when the investment .avoid the "buy the dips" suspected. .British "Economist" magazine 17 reported that the Chinese seem to prefer the Greek private sector investment or the right infrastructure and management rights, rather than the Greek sovereign bonds. .In addition, from the amount of investment, the capital of China is far from enough to bring Greece's ability to repay the debts. .</ P> <P> 15 Voice of America reported that China hopes to open up the door to Europe, the focus is not only in Greece, but the entire euro-zone countries facing an economic slowdown. .</ P> <P> China and Iceland signed an earlier more than 500 million U.S. dollars worth of currency swap agreements, to allow the Icelandic currency to pay for use of the products imported from China. .Gudmundsson, Iceland's central bank governor said that since the collapse of Iceland's banking sector since 2008, China has been on how to help Iceland and Iceland to negotiate the recovery, which the United Kingdom and other European countries, the debt issue in the attitude of Iceland was different. .</ P> <P> Stockholm International Peace Research Institute, Voice of America quoted Chinese experts as saying Linda Jacobson, that if global warming is navigable Arctic, Iceland may be for the Chinese exports to the U.S. and Europe is an important staging .. .</ P> <P> "Unlike the Chinese, as investors on Wall Street, the light will be on paper, they are in real business, which helps the recovery of the real economy of Greece." Deputy Prime Minister Theodoros Pangalos of Greece before .with visiting Chinese Vice Premier Zhang Dejiang talks, spoke highly of China have encountered difficulties in Greece incredible efforts. .While investment in China Western media is full of a variety of noise Greece, but the intervention of the Chinese capital of Greece can indeed reduce the debt burden on the international market to boost confidence in the euro area play an active role. .</ P> <P> according to the Greek Bureau of Statistics data released this year, January to April, the Greek industrial production index fell 5.3%. .The international credit rating agency Moody's downgraded earlier to the Greek government bonds "junk", that is not suitable for the level of investment. .European Central Bank followed a decision, while continuing to accept the Greek government bonds as collateral for loans, but when the depreciation of 5% discount. .Deep debt crisis of the most urgent needs in Greece, apparently deep-pocketed sovereign funds. .</ P> <P> Greece lend a helping hand </ P> <P> British "Financial Times" on June 16 entitled "Greece should welcome Chinese investment," the editorial said that the current debt-ridden Greek ., China is indeed lent a helping hand. .China's investment in the private sector for Greece Greece will help fill the balance of payments deficit, for the Greek people ease the pain of fiscal austerity. .Such investments may even support Greek economic growth, reduce its public debt burden. .If the Greek government on infrastructure projects with Chinese investment in monetary assets, it will be able to quickly repay debt. .</ P> <P> the American Enterprise Institute economist John Mark King told the media that, relatively speaking, the amount of Chinese investments to Greece insignificant, it is important that this message board of the British "Financial Times ."the headlines. .This shows that China is "careful planning" to try to curb the euro decline. .</ P> <P> Deutsche Welle journalists in Athens Spa 帕迪米特里欧 Gianni wrote in an article: "International credit rating agencies downgraded sovereign credit to Greece, may scare off the financial markets .maximum benefit to find short-term capital investment, the investment of Chinese enterprises in Greece is a strategic, long-term investment. China has given Greece a vote of confidence. "</ P>.
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