Cooperation and exchanges between China and Greece

International Exchanges

China and Greece, two major ancient civilizations in the world, are holding hands together in the modern world. Let's have a look at the cooperation and exchanges between the two countries. November 11, 2019

Belt and Road project

China COSCO Shipping containers stand at Piraeus. [Photo/China Daily]

Greece was one of the first European Union countries to sign Belt and Road documents with China, and the Mediterranean nation has worked together with China to build the Port of Piraeus into a flagship Belt and Road project.

Piraeus Port is the largest port in Greece. On Aug. 10, 2016, COSCO Shipping (Hong Kong) Co Ltd, a subsidiary of China COSCO Shipping Group, became a controlling shareholder of the port and started operating the facility.

Since COSCO Shipping's participation into the privatization of the port in 2009, the group contributes 300 million euros (US$336.9 million) to the local economy on an annual basis, and has created more than 3,100 job opportunities along with more than 10,000 new posts brought about indirectly.

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