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Hu's Greek trip focuses on trade | |
(10 minutes later) | |
China's President Hu Jintao is due to begin a three-day state visit to Greece for talks expected to focus on trade. | China's President Hu Jintao is due to begin a three-day state visit to Greece for talks expected to focus on trade. |
Greek officials say the visit heralds a new era in increasingly warm relations between the two countries. | Greek officials say the visit heralds a new era in increasingly warm relations between the two countries. |
Greek entrepreneurs have been urged to use Mr Hu's trip as an opportunity to boost exports to China. | Greek entrepreneurs have been urged to use Mr Hu's trip as an opportunity to boost exports to China. |
Athens is keen to establish a strategic partnership with Beijing, but dock workers are angry over China's planned investment in the port of Piraeus. | |
Co-operation between the two nations reached a zenith in the build-up to the Beijing Olympics earlier this year as Greece, the spiritual home of the Games, shared its knowledge and experiences from the Athens Games held in 2004. | |
The Greeks also improved their stock with Beijing in the spring by efficiently tackling anti-Chinese protests by Tibetan activists. | The Greeks also improved their stock with Beijing in the spring by efficiently tackling anti-Chinese protests by Tibetan activists. |
Piraeus plan | Piraeus plan |
President Hu's arrival has been hailed as an important milestone by Greek Prime Minister Costas Karamanlis. | President Hu's arrival has been hailed as an important milestone by Greek Prime Minister Costas Karamanlis. |
Greece pleased China when it stopped pro-Tibet protests. | Greece pleased China when it stopped pro-Tibet protests. |
Top of the agenda is trade and in particular the future of Piraeus, Greece's largest commercial port. | Top of the agenda is trade and in particular the future of Piraeus, Greece's largest commercial port. |
President Hu is due to finalise a deal worth an estimated $5.4bn (£3.6bn) which will see China's Ocean Shipping Group (COSCO) taking control of container operations at Piraeus for the next 35 years. | President Hu is due to finalise a deal worth an estimated $5.4bn (£3.6bn) which will see China's Ocean Shipping Group (COSCO) taking control of container operations at Piraeus for the next 35 years. |
Dockworkers' unions at the state-owned port are opposed to the deal and staged a long strike earlier this year. | Dockworkers' unions at the state-owned port are opposed to the deal and staged a long strike earlier this year. |
But Greek ship owners back the Chinese bid, saying it will help expand the port and turn it into a business hub for the Balkans and beyond. | But Greek ship owners back the Chinese bid, saying it will help expand the port and turn it into a business hub for the Balkans and beyond. |
The Chinese believe Piraeus will be the perfect springboard for their exports to southern Europe. | The Chinese believe Piraeus will be the perfect springboard for their exports to southern Europe. |
During the current world financial crisis, there may not be any immediate benefits, but economists say the deal makes sense for China as a long-term strategic investment. | During the current world financial crisis, there may not be any immediate benefits, but economists say the deal makes sense for China as a long-term strategic investment. |
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