CHINESE BUSINESSES OPT TO CONTINUE INVESTING IN GREECE DESPITE CRISIS/INTERVIEW AT CCTV

21 March 2011

Big Chinese businesses are seeking even further involvement in Greece despite the fact that unstable economic and political conditions have forced many foreign companies to reconsider their presence in the crisis-hit country.

Greece has long been home to thousands of Chinese businesses, from small retail stores to shipping giant China Ocean Shipping Company (COSCO), which has invested billions in Greece's largest port.

Several large international companies have already left Greece because of the crisis, but that doesn't appear to be the case for major Chinese companies.

"For investments that have to do with ports, logistics, energy and anything affiliated with big and stable Chinese businesses, there's no evidence that these businesses want to withdraw," said Constantine Yannidis, president of Hellenic-Chinese Chamber, a non-governmental, non-profit membership association for Greek corporations and individual entrepreneurs engaged in business with China.

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