Eastern proposition
China has the economic muscle to develop projects in Romania in the private and state sectors – but nothing major is yet to begin, says Chinese Ambassador to Romania Liu Zengwen
September 2010 - From the Print Edition
Over the last two decades, a shared Communist heritage has brought a large number of Chinese business interests to Romania, especially among small enterprises in the textile trade.
Between 1989 and 2008, Chinese investors poured 400 million Euro in Romania and trade between the two countries increased year on year by 20 to 30 per cent.
However the financial crisis forced a significant number of the 9,000 Chinese companies in Romania to close the business, leading to a decline in exchan... To continue reading this article you have to be registered
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