Romania signs investment agreements worth more than 8.5 billion euros with China - Polidicks

[quote]Romania and China have signed a series of memorandums of understanding for energy projects, as well as animal exports.The agreements came amid the Chinese Prime Minister’s current visit to Romania to attend the China – Central and Eastern Europe Cooperation Summit, which is being held in Bucharest.[B](in picture, Romanian PM Victor Ponta – left and Chinese PM Li Keqiang- right) [/B]Among the projects of interest for Chinese investors are plans to add two more reactors to the Cernavoda nuclear plant, the Tarniţa-Lăpuşteşti hydropower plant, and live animal exports from Romania to China. The green light has been given to live cattle exports for reproduction purposes from Romania to China, as well as for the export of frozen pork meat. Romanian cattle producers already pledged to export 14,000 cattle to China in the first year. Investments in infrastructure, namely in a railway line for high speed trains were among the topics discussed during the Romanian – Chinese talks held on Monday, November 25.[/quote] Also Romania will host the CEE-China summit: [quote]The 16 CEE countries are Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia and Slovenia.[/quote] [URL="http://www.romania-insider.com/romania-agrees-with-chinese-companies-over-energy-infrastructure-and-animal-export-projects/110254/"]source[/URL] It's a pretty big news in here, it's a diplomatic success for the current government. [IMG]http://www.channelnewsasia.com/image/899586/1385394517000/large16x9/768/432/romania-china-nuclear.jpg[/IMG]

Soon you will have all the problems with debt that we have

[QUOTE=Native Hunter;42985169]Soon you will have all the problems with debt that we have[/QUOTE] It seems likely that China might use Romania as an inroad to European markets, so this could be interesting. Good for Romania if it generates a lot of jobs.

[QUOTE=Native Hunter;42985169]Soon you will have all the problems with debt that we have[/QUOTE] Dunno what debt has to do with this. It's either the Chinese government approving their companies to come in Romania and participate in highway constructions and other infrastructure projects, chinese companies spending money to upgrade/build electrical plants and getting part of the profits. Stuff like that, we ain't gonna accept investments that will put us high in debt. Oh yeah, the plan to highly increase exports towards China is also good.

To be fair, establishing a more firm connection between the European market and the Chinese market could be quiet beneficial. We need to rid ourselves of the red scare and develope better relationships with them. That way we can slide China towards a more western approach.

[QUOTE=Radley;42985303]To be fair, establishing a more firm connection between the European market and the Chinese market could be quiet beneficial. We need to rid ourselves of the red scare and develope better relationships with them. That way we can slide China towards a more western approach.[/QUOTE] It seems all of the CEE is interested in China [quote]One major deal will see China help build a rail link between Hungary and Serbia. Flanked by Hungarian Prime Minister Viktor Orban and his Serbian counterpart Ivica Dacic, Li said: "We reached important agreement... we agreed to begin cooperation on the construction of railway linking Hungary and Serbia," according to Reuters. "The three parties agreed to immediately set up a joint working group to launch the project as soon as possible." The Chinese premier was also busy talking trains with his host: Romanian PM Victor Ponta. Amid talks on trade and energy investment, the pair signed an agreement to set up a working group on developing high speed rail in Romania. Li also met with leaders from Bosnia-Herzegovina, Croatia, Lithuania and Estonia as he pushed China's bid for business across Europe's eastern flank with offers of cheap construction contracts and capital to break the ice. In May 2012, the then-Chinese premier Wen Jiabao embarked on a Central European tour, during which he announced a €10bn infrastructure investment fund for the region. Few deals have followed that declaration, although potential projects have started to emerge in recent months. On November 15, Shanghai Electric was reported to have placed the lowest bid in a tender to build a large new coal-fired unit for PGE, Poland's biggest utility. Sources told news agency PAP that the PLN3bn (€715bn) offer was a full PLN1bn cheaper than the next best bid. That will likely please Warsaw, which is pushing companies for new capacity whilst warning of an impending power crunch. [/quote] [URL="http://www.bne.eu/storyf5555/Chinese_premier_seeks_to_revive_plans_for_CEE_bridgehead_into_Europe"]source[/URL] China will grow larger

I hope they finish those damn freeways. It takes the whole day to get from the black sea to Cluj, and a few more hours to get to the nearest freeway in Hungary.