China and Greece Sign $5 Billion Deals

China and Greece have signed business deals worth about $5bn (£2.9bn) during Chinese Premier Li Keqiang’s visit.

Deals signed covered areas including exports and shipbuilding. China also showed an interest in buying railways and building an airport in Crete.

China is eager to take a majority stake in the Piraeus port. A Chinese company already runs two piers at the port.

Greece is keen to attract foreign investment to reduce its national debt and high unemployment rate.

Mr Li has been in Greece as part of a tour of European countries. It is his first visit there since he took office in 2013.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza