Adonis Diaries

China displacing Europe in Greece

Posted on: October 4, 2010

China has officially visited Greece last week and signed 11 economic agreements.  China has secured the management of the main Greek port of Piraeus for 35 years in return of investing $700 million for building a new extension and modernizing the port.   The Greek vice premier declared:  “China invests in real money and is not like Wall Street using faked paper money.  China invests in palpable business matters and do commerce in real objects and trading goods.  China will aid Greece in a tangible economic development of its infrastructure.”

Chinese tourists are already invading the Greek islands.

The executive manager of the Chinese giant maritime company Cusco declared: “We have built the nest so that the eagle investors in China will find a place to come to.  This is how we contribute to the interest of both countries.”

Jealous Japan decided to increase its investment in Greece with $34 billion in order to compete with the Yellow Dragon.  Europe is understandably very worried.  Jonathan Wood said in London: “Europe is apprehensive of trade imbalance with China.  Europe might be in the same position as the US in trade imbalance with China.”

China has already taken over Sudan investing in oil, gas, agricultural lands, forest, water, and mineral resources while the US was busy playing war games in Iraq and Afghanistan.  The US had 50 years to befriend Sudan but considered this outstretched super-undeveloped country as a reserve land to fall back to when needed. The US may try to resume destabilizing Sudan in the short-term, but the game is over: The US can benefit to negotiate with China to becoming a major subsidiary in Sudan’s wealth.

The central bank of China is siting on a monstrous pile of liquid money and has to turn it over quickly:  “The price is not a problem” with this much devalued Yuan.

1 Response to "China displacing Europe in Greece"

[…] China displacing Europe in Greece […]

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