CEFC, a Chinese privately-owned Fortune Global 500 company has emerged as one of China's biggest investors in Czech, with the total investment of more than 14 billion yuan (2.1 billion U.S. dollars). In four years, CEFC has done a series of deals in different areas including financial services, energy, manufacturing, aviation and tourism, providing 5,000 local jobs.
"Belt and Road is of course a very important initiative, and we see how it has developed over the last couple of years. It has a much wider approach now in terms of the modes of transport it covers, but also in terms of the countries it covers," said Gunnar Wiegand, managing director of Asia and the Pacific at European External Action Service (EEAS), the EU's diplomatic service.
SOCIAL BENEFITS CREATED
From the Chinese-built Pupin bridge over the Danube River in Belgrade, Shanghai Electric's energy project in Malta, Chinese Railway Express riding in the Eurasian continent, to the ocean liners straight to the Mediterranean, with the expansion of China-Europe cooperation, more and more jobs are being created, and the lives of European citizens are improving.
Vamvakidis, the 60-year-old manager, is one of the 1,500 Greeks employed at the Piraeus port. "At first, we worried that China's investment would hurt local jobs, and after three years the worries have vanished," he said.
According to a report released by the Greek think-tank, Foundation for Economic and Industrial Research, by 2025 at least 31,000 job positions will be created by the Piraeus project.
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