Greek OBOR role could spark wider Chinese investment

Subject

Growing economic cooperation between China and Greece.

Significance

Chinese capital could help generate the domestic investment and employment necessary for Greece’s long-awaited economic growth revival. Stable investment focused on such sectors as infrastructure, energy and telecommunications, applied consistently along the new ‘Silk Road’, could isolate Chinese investment in Greece from short-term political disturbance. Moreover, re-establishing a good track record for investment projects could bring Greece back onto the radar of European investors, who have lately shown only limited interest.

Impacts

• Chinese investment in Greece will allow further expansion into the Balkans capitalising on location and Greek regional business experience.
• Chinese involvement may improve Greece’s position in global logistics routes and global supply chains, such as ship repair in Piraeus.
• Stronger cultural ties are being established, including twin-city cooperation and cultural exchanges.