Greek politicians and leaders are looking to stimulate their economy, by encouraging international investment, particularly from China. Greece believes that it’s ambassadors to China, can encourage Chinese investors to invest in many different sectors, such as renewable energy, technology and the tourist industry.
“We firmly believe Chinese companies might be interested in some of the privatized assets … We have very good infrastructure, educated personnel, and legislation that is business and investment friendly. I think, like previous Chinese investment, new investments can be profitable both for the investors and the Greek economy.” – a Greek Ambassador to China.
This approach makes sense for both parties, since Greece has no reserves of it’s own capital to draw from when considering where to invest for the future, and China is looking to increase it’s international investments; particularly in the shipping industry.