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October 24, 2021

Chinese companies willing to invest in Romanian IT

The Chinese companies are willing to invest in several Romanian sectors such as the information technology, steel-making, engineering, trade and infrastructure, said Shi Guangliang, deputy managing director of the Commerce Department of Chinese Shandong Region, who attended a seminar organised by Ernst&Young on Friday, Agerpres reports. A delegation of the Chinese province’s business executives visited Bucharest lately to look into investment opportunities.’ The economic relations between Romania and China have become traditional. There are several fields having raised the interest of the Chinese business circles: IT, engineering, steel-making, trade, infrastructure. I hope these companies would actively promote the collaboration with partner companies in Romania’, Shi Guangliang stressed. Romanian Viorel Ciocoiu, representing the Department for Foreign Investments and Public Private Partnerships unveiled the advantages of certain businesses in Romania to the Chinese investors. He cited the strategic location of Romania as a Black Sea and Danube River country, the low labour costs, the low taxation as compared to the countries in the region and the existence of various state aid schemes and schemes offering incentives to the foreign investments. On the other hand, Romanian Health Minister Nicolae Banicioiu and Chinese Health Vice Minister Ma Xiaowei signed on Saturday, at the Academy of the ‘Prof. Dr. Matei Bals’ National Institute for Infectious Diseases, the first agreement on health and medical sciences cooperation between the Romanian Ministry of Health and China’s National Health and Family Planning Commission.

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