Athens, Greece – Greek leaders on Monday hailed Chinese President Xi Jinping‘s first official visit to Greece as a “new era” in what is an already close trade and investment relationship being closely watched by the United States and the European Union.
“Greece recognises China not only as a great power but also as a country that has won for itself, not without difficulty, a leading geostrategic economic and political role,” Prime Minister Kyriakos Mitsotakis told Xi.
Greece is eager to play a greater role in China’s overseas development. During the visit, the two countries’ delegations signed 16 memoranda of co-operation, the most important of which outline new Chinese energy investments in Greece.
One establishes an Athens branch of the Industrial and Commerical Bank of China to finance renewable energy projects. Another facilitates a 50MW solar power station on the island of Crete being built with technical expertise from the China
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