China and Greece: be good partners in peace, growth, reform and civilization – People’s Daily Online

English: Logo of the People's Daily 中文: 人民日报题字

English: Logo of the People’s Daily 中文: 人民日报题字 (Photo credit: Wikipedia)

This is a MUST READ  lead article by China’s influential daily, Peoples’ Daily. Check it out!

 

via China and Greece: be good partners in peace, growth, reform and civilization – People’s Daily Online.

 

Read the language carefully. This is very powerful stuff indeed.

 

For  me, it is significant that China’s is developing a strong relationship with Greece, a large economic country in the Eastern Mediterranean. The East Med. of course is the location of vast offshore oil and gas reserves, most notably near Cyprus and Israel. Meanwhile, China is becoming the world’s leading importer of energy. This week we have also seen a state-owned Chinese company in discussions to buy into the Cypriot gas reserves.

 

This is all very different from the toxic language of the troika, a very years ago. Good luck to Greece!

 

Let me turn this to an open question:

 

Are the Chinese coming to the Eastern Mediterranean?

 

Any thoughts?

 

One response

  1. Not only are the Chinese coming to the Eastern Mediterranean as Dr Alf suggests but they are already there.

    During the financial crisis the Chinese bought several Greek islands and helped Greece with some of its debts whilst Germany and other European countries saw them as part of the PIIGS problem.

    CNOC will want to tap into the huge oil and gas deposits off and probably in Cyprus and they want a warm weather port in the West to break out of the shackles,as they see it,of Western encirclement.

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