I read that China wants to invest in Greece’s main port, taking advantage of a “fire-sale” as Greece extricates itself from a debt crisis.
Why is China so interested in an economy on Europe’s periphery? China’s exports to Greece aren’t large. But the country is as a useful hub for Chinese manufacturers trying to sell into Eastern and Southern Europe. That’s one reason.
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It’s back to blogging after a month of seemingly endless overseas travel and house moving.
China‘s banks are increasingly active in the Middle East. But details are scarce. This interview of a senior official from the Industrial and Commercial Bank of China (ICBC) offers a few useful scraps. The official, Yi Huiman, was interviewed on the fringes of an Abu Dhabi-China investment conference being held in Shanghai. He says, “In the 1990s, large numbers of Korean and Japanese companies entered China, and their banks followed them. At present, ICBC is committed to following Chinese companies that are ‘going abroad“.
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