It is time for China to pick up the G-String left by naked Greece!

badguy2000

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peopel often say " Only when tide is down can peopel find which swimmer on earth is naked "!

now, tide is down and Greece is found to be completely naked.
And ,CHina appears as the Saviour and helps Greece out of the water,of cource ,after picking up the last G-string of Greece.=xD

China buys Greek when no one else will

China's brokered deals with Greece point to its ulterior power playing and market building strategy. It is getting in on the cheap in a region that's economically depressed and at the same time, it's purchasing a favorable reputation in Europe and around the world. It is making a stealthy land grab.

With the global economy muddled in a sluggish recovery, few governments have been out to shop and invest. China, however, has gone forward to wine, dine, and conquer market shares that some Western nations deem insignificant or even scoff at -- Greece is just one example.
http://money.cnn.com/2010/06/18/news/international/China_investments_Greece.fortune/index.htm
 
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badguy2000

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well, except germany,most EU states are all "greece",afflicted by overburdened social securty expenditure and lazy people. sooner or later, they will have to sell their last G-string to china,just as Greece does today..
 

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The problems is only with the P.I.G.S and to some extent UK which anyway is not fully integrated with the EU.
I would not be surprised if the stronger and more stable economies like Germany, France, Austria, Netherlands break away and form their own Monetary union.
 

badguy2000

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The problems is only with the P.I.G.S and to some extent UK which anyway is not fully integrated with the EU.
I would not be surprised if the stronger and more stable economies like Germany, France, Austria, Netherlands break away and form their own Monetary union.

THE real problem of PIGS and other EU state that will join "PIGS" is that their social security expenditure is too much and beyond their social wealth output.

Or in another word, their spend more wealth than the wealth they create.

To solve the problem, there are only 3 ways:

1. decease expenditure and lower their life quality.

2. work harder and create more wealth.

3. sell their last G-string to CHina.
 

Armand2REP

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now, tide is down and Greece is found to be completely naked.
And ,CHina appears as the Saviour and helps Greece out of the water,of cource ,after picking up the last G-string of Greece.=xD
A billion euro worth of investment is not going to save Greece. It is actually a stupid investment considering how much the taxes are going up. Chinese landlords will be taxed to pay French creditors...

Good deal. =xy
 

Armand2REP

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I would not be surprised if the stronger and more stable economies like Germany, France, Austria, Netherlands break away and form their own Monetary union.
That won't happen. We just added another country this week.
 

badguy2000

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A billion euro worth of investment is not going to save Greece. It is actually a stupid investment considering how much the taxes are going up. Chinese landlords will be taxed to pay French creditors...

Good deal. =xy
Animals in Zoos can hardly survive outiside Zoo. Now, Europeans protected by their lazy-guy social security system are just like anmonals protected by zoos".


So, I am not surprised at all that lazy Frenchmen will keep swiping their credit card and living on borrowed money, because they already are used to lazy life and lose the capacity to survive without unemployment allownce.


Frankly speaking, Chinese economy will eat european's alive,sooner or later,if European keep on their lazy-guy life-style.

My advice to frenchmen here: cut your overburden social security expendicture and train you capacity to survive outside zoo_Otherwise you will have to sell your ass to CHinese one day.
 
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amoy

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Below mentioned Cosco's investment in Piraeus Port seems optimal for shipping. But Cosco has a rough way to go with Greek trade union

+++++++++++++++++

COSCO explores investment opportunities in Greece 0 CommentsPrint E-mail Xinhua, May 23, 2010 Adjust font size:

Leading Chinese shipping giant China Ocean Shipping (Group) Company (COSCO) is exploring more investment opportunities in Greece after successfully winning a container operation project at the Greek port of Piraeus, COSCO President and CEO captain Wei Jiafu said.

"This is our strategic choice and we consider that bilateral relations between China and Greece have a long-term future," Wei, currently on a visit in Athens, told Xinhua earlier this week.

Wei, whose company recently signed an agreement with the Greek Piraeus Port Authority on operating the Piraeus container terminals, said his trip is to examine the future of COSCO's investment in the biggest port of Greece and more opportunities for Chinese investments across the country.

He was received by Greek President Karolos Papoulias Wednesday and will have a meeting with Prime Minister George Papandreou on Friday.

COSCO's investment in Piraeus is part of the group's overseas strategy, he explained, noting that his company weighed the advantages of investing in the Greek port during a series of discussions with the previous Greek government.

Under the agreement, Pier II and Pier III of Piraeus Container Terminals will be under COSCO management for 35 years. COSCO is planning to invest 550 million euros (about 687 million U.S. dollars) to upgrade the facilities of the two piers. By 2015, the handling capacity of the port will be raised from today's 1.6 million twenty-foot equivalent units (TEUs) to 3.7 million TEUs.

Piraeus is linked with three continents -- Asia, Europe and Africa, and China and Greece have traditional friendly ties, so Greece was seen as a good environment for COSCO to set up this plan, said Wei.

Since COSCO took over the operation of container business at Pier II of Piraeus port, the cargo volume immediately increased, he stressed.

Wei explained that due to the small size of the Greek economy, cargo volume in Piraeus used to be very low but COSCO managed to attract more customers by launching direct services from China to Piraeus.

As a result, from October to December 2009 the container movement volume increased by 25 percent compared with the same period in the previous year. From January to April 2010, the volume increased by 43 percent compared with the same period last year, despite the economic crisis that has hit Greece, Wei noted.

"That indicates to the Greek government and people the benefits. My target is to push Piraeus port back to number one position for container business in the Mediterranean region," he said.

Wei strongly believes in closer cooperation with his Greek partners. He said he seeks stronger collaboration with the Piraeus Port Authority, which runs Pier I at the port and is the only local competitor for COSCO.

He is pleased with the development of relations with Greek ship owners who initially worried about strong competition from COSCO. He successfully convinced them that cooperation is the key to success and will benefit all parties.

Referring to the Chinese saying "Phoenix never comes before the nest is built," Wei said COSCO's task in Greece is to build a nest to attract more Chinese investors to link the Mediterranean with southeast Asia.

"Cosco was the first phoenix which landed in Greece. I could forecast this action will bring a bright future for Greece," he said.

Upon his return to China, Wei intends to ask the Ministry of Commerce for "support to create a new good distribution center for Chinese goods in Greece and more investments in the country, based on a win-win principle," he said.
 

badguy2000

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hehe, with more and more guys naked, more and more G-Strings will be auctioned.

Greece's seaport is just the firest.and BP seems to be the next.

What CHina need do is just to pick up those G-strings left by naked guys.
 

SHASH2K2

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hehe, with more and more guys naked, more and more G-Strings will be auctioned.

Greece's seaport is just the firest.and BP seems to be the next.

What CHina need do is just to pick up those G-strings left by naked guys.
This Guy is a pervert and mentally s*** . two days back he was looking for A** and today he is selling G strings . Is it same with all chinese guys?
 
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badguy2000

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This Guy is a pervert and mentally s*** . two days back he was looking for A** and today he is selling G strings . Is it same with all chinese guys?
you just know how to type *** .hahahaha
 
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Badguy China buying into a country that has been more or less abandoned by rest of Europe is a good idea?? The amount of money china is providing is not enough for a G-string it still leaves Greece bare a**ed
 

badguy2000

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Badguy China buying into a country that has been more or less abandoned by rest of Europe is a good idea?? The amount of money china is providing is not enough for a G-string it still leaves Greece bare a**ed
to greece who is stranding naked,its G-String cost only several billion.....just one year ago, Greece firmly resisted CHina's bid of the same project...hahah "Gloves are off"
 
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Armand2REP

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Listen to the conceit of this guy. China buys up failing Western assets just to see them go bankrupt. CIC already lost 10%, or $30 billion in the last two months. Their FOREX lost $80 billion with the drop of the Euro. $2 billion doesn't buy up Greece much less Europe, France has $147 billion in Greek investments, who owns who?
 

badguy2000

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Listen to the conceit of this guy. China buys up failing Western assets just to see them go bankrupt. CIC already lost 10%, or $30 billion in the last two months. Their FOREX lost $80 billion with the drop of the Euro. $2 billion doesn't buy up Greece much less Europe, France has $147 billion in Greek investments, who owns who?
haha, I don't care how US$ is lost, because sooner or later US$ will be useless paper.
the key now is how to buy up raw resource in third world and tech and seaports in west world.

After Chinese buy up raw resource and tech, it will be time for CHinese to break west guys "social security system" and teach those lazy guys how to live outside zoos.
 
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Phenom

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Whether its a good economic move or not is still open for debate, but this is clearly a very smart political and strategic move. By trying to keep Greece afloat, China has not only bought leverage over Greece, but also over the entire EU which is desperate to make sure Greece doesn't sink.

Whether one likes Chinese or not, we have to give credit to their long term thinking and planning.
 

amoy

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China supports Greece

Updated: 2010-10-03 16:32Chinese premier calls for strengthening Sino-EU relations

ATHENS - China is ready to intensify cooperation with Greece and help the country tide over its current difficulties at an early date, Chinese Premier Wen Jiabao said here Sunday.

"We applaud the efforts taken by the Greek government to tackle the international financial crisis and the debt crisis. And we support the measures taken by the European Union and the International Monetary Fund in this regard," Wen said during a speech at the parliament.


The premier, who arrived in Athens on Saturday on a three-day official visit, said "we hope that by intensifying cooperation with you, we can be of some help in your endeavor to tide over difficulties at an early date."

Since the beginning of this year, the two countries have signed 20 cooperation agreements and business contracts, he said, adding that Greek exports to China in the first half of this year doubled compared with the same period last year.

Wen suggested that the two countries expand cooperation in four fields.

China and Greece, he said, should broaden bilateral trade, actively explore new areas of trade, and strive to double their bilateral trade volume to $8 billion in five years.

China would like to import more products that meet the demand of the Chinese market, such as olive oil and wines, so as to "make our bilateral trade not only bigger, but also more balanced," he said.

The two countries should deepen maritime cooperation as well, Wen said, adding that China will work with Greece to manage well the Piraeus Container Terminal and increase its capacity to 3.7 million TEUs by 2015. TEU stands for 20-foot equivalent unit.

Beijing encourages Chinese businesses to conduct logistic cooperation with Greece and Chinese financial institutions to provide financing services for small- and medium-sized Greek ship-owners for the building and repair of ships in China, he said.

China also supports the establishment of a research center on emission reduction and energy conservation of ships, the premier said, noting that these measures would give a boost to bilateral cooperation on navigation safety and exhaust emissions reduction of ships.

China and Greece should promote investment cooperation, Wen said, adding that the two nations should push forward trade and investment facilitation and create better conditions for cooperation between their enterprises.

China encourages capable enterprises to set up businesses in Greece and would like to send a trade and investment promotion group to Greece as early as possible to seek cooperation projects in infrastructure and new energy sources, he said.

The premier also called on China and Greece to expand tourism cooperation. China welcomes greater tourism promotion efforts by Greece in China and hopes to jointly explore measures to facilitate tourism cooperation, he said.

Wen regarded Greece as a glamorous country which he always longed to visit, saying that "Although this is my first time to set foot on your soil, Greece is not unfamiliar to me. I read stories about ancient Greece when I was a boy."

The Greek civilization has left invaluable assets to humanity, he said, adding that "Arisototle's famous line 'Plato is dear to me, but dearer still is truth' has given me constant inspiration."

When Greek civilization was at its height, China also was at a time "which called for giants and produced giants." During that period a hundred schools of thoughts including Confucianism, Taoism, Mohism, and Legalism flourished, heralding an era of intellectual prosperity in Chinese history, Wen said.

The Chinese civilization and Greek civilization had made major contributions to the development of world civilization, he said.

"The Greek people encountered many vicissitudes in their long history and won numerous glories through strenuous efforts. I believe that a nation like yours is invincible," Wen said.

"In the once-in-a-century financial crisis that has battered the world economy in the last two years, both China and Greece have stood the test," he said.

"We are pleased to note that Greece is coming out of the shadow of sovereignty debt crisis. Your financial market is stabilizing, fiscal deficit is fast coming down, investors' confidence is returning and the prospect of recovery is encouraging," he said.

China and Greece enjoy a long-running friendship. Since the establishment of diplomatic ties in 1972, the Greek government and people have been steadfast in support to China on issues concerning its major interests, which the Chinese people would never forget, Wen said.

As a friend of Greece, China is firm in supporting Greeks and will contribute through strengthening cooperation to help the country through its difficulties, Wen said.

Chinese Premier Wen Jiabao on Sunday called for the strengthening of the comprehensive strategic partnership between China and the European Union (EU).

"China-EU relations are now at a new historical starting point with broad space for further growth. It should be our shared objective to push forward the China-EU comprehensive strategic partnership and step up all-dimensional cooperation," Wen said in a speech at the Greek parliament.

Wen said China is ready to enhance strategic dialogues with the EU to deepen mutual understanding and trust, dispel misgivings and accommodate each other's core interests and major concerns.

Committed to a win-win strategy of opening-up, Wen said, Beijing will further improve its investment environment, better protect intellectual property, expand trade and investment with Europe and raise the level of technological cooperation.

China hopes the EU recognizes "China's full market economy status as soon as possible, eases restrictions on high-tech exports to China and rejects trade protectionism so as to foster an environment conducive to the healthy growth of our trade," the premier said.

China will embrace an even more open approach to deepen cultural exchanges and cooperation with the EU, he said.

Beijing will step up communications and coordination with the EU in the G20 and other major multilateral mechanisms and jointly respond to such global challenges as the international financial crisis, climate change, energy security and non-traditional security threats, Wen said.

"China is sincere in enhancing cooperation with Europe and we are confident about the prospects of our cooperation," Wen said, adding that since the outbreak of the global financial crisis, Chinese leaders have visited Europe several times and had frequent meetings with EU leaders.

That, he said, shows that Beijing attaches great importance to China-EU relations and "wants to join you in a concerted effort to tide over difficulties."

After some European countries suffered sovereign debt crisis earlier this year, Wen said, his government announced many times that Beijing firmly supports the measures adopted by the EU and the International Monetary Fund.

"China will not reduce its euro-bond holdings and China supports a stable euro," he said, adding that China and the EU have signed a string of important trade investment contracts to help Europe overcome its financial difficulties.

Wen said, thanks to joint efforts China-EU trade has already exceeded the pre-crisis level.

"China is committed to advancing China-EU relations. This is not an expediency, but a long-term strategic policy," Wen said.

The Chinese premier noted that the establishment of diplomatic ties in 1975 opened a new page in China-EU relations and put them on the track of mature, healthy and steady development.

Politically, Wen said, "China-EU relations have made three big leaps forward: from constructive partnership to comprehensive partnership and then to comprehensive strategic partnership."

Economically, he said, the EU has been China's largest trading partner for six consecutive years, while China has risen to be the EU's second largest trading partner.

Culturally, Wen said, China has signed numerous cultural exchange agreements with many EU countries and the impact of cultural exchanges, both bilateral and multilateral, is being felt far and wide. "Nearly 200,000 Chinese students are now studying in Europe and each year over 1 million Chinese tourists come to visit Europe," he said.

"China-EU relations have reached unprecedented breadth and depth and the two sides have become indispensable partners in each other's development endeavor," the premier said.

The steady development of China-EU relations, Wen said, boosts friendliness between the Chinese and European peoples and also brings practical benefits to both sides.

Wen pointed out that China is a vast market for Europe's capital, commodities, technology and patents, adding that thousands of European enterprises have gained big profits in China.

China's high-quality yet inexpensive products also have enriched European markets and helped Europeans save money, he said.

On the other hand, Wen said, Europe's advanced technology and managerial expertise have played an important part in China's industrial upgrading effort and European products are popular among Chinese consumers.

Great changes have taken place in China over the past three decades after Beijing embarked on the path of reform and opening-up in 1978, Wen said.

China, however, remains a developing country, Wen pointed out.

"Although China's total GDP and external trade are among the largest in the world, the basic reality about China -- a populous country with a weak economic foundation and uneven development -- has not changed," he said.

China's per-capita GDP is only one eighth of Greece's, the number of poor people in China is more than three times that of Greece's entire population and the vast countryside and interior are still underdeveloped.

China still has a long way to go to completely change its backwardness, he said, adding that China needs a peaceful and stable external environment and closer cooperation with other countries.

China will stay on the path of peaceful development, endeavor to foster a peaceful international environment for its own development and at the same time contribute to world peace through its own development, Wen said, adding that China's increasing prosperity will bring benefits to the whole world.

"The world economic recovery is a tortuous process. To fully emerge from the financial crisis, we need to make joint efforts," Wen said. "I am convinced that as long as we inherit and carry forward the fine cultural tradition of our forebears, fully rely upon and tap into the wisdom and talent of our people, and tackle difficulties together with confidence, we will bring about an even better future."

Wen arrived in Athens on Saturday on a three-day official visit to the southeast European country, the first by a Chinese premier in 24 years.
 

ajtr

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win allies by spending money not by sending forces.this lesson chinese knows well wrt to americans.
 

amoy

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key points
* China supports a stable euro (by holding EURO bonds)
* China (Cosco) is turning Piraeus Port into a shipping hub in Mediterranean
* China has been leveraging EU through Greece in issues like "recognition of China's market economy status' and "lifting of arms export restriction"

Wen may be a good Foreign Minister, but hardly a competent Premier. Anyway he's about to step down soon.
 
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How does Turkey fell about all this?? Greece maybe the first country to be kicked out of NATO??
 

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