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China brings $1.8 bln in investments to Czech

CCTV.com

03-30-2016 00:28 BJT

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Chinese President Xi Jinping is continuing his three-day state visit to the Czech Republic. Xi and Czech President Milos Zeman have signed a number of investment deals. Among them, China is bringing 1.6 billion euros, or 1.8 billion US dollars in investments to the Eastern European country.

The investment deals cover such sectors as finance, infrastructure, technology and cultural exchanges. On the agenda, there's also a business forum for the two countries to focus on.

Czech is a member of the emerging Europe cluster that's an attractive investment destination for China. The upside is huge because 80 percent of the companies in Czech' SME association haven't done any business with China. But analysts say China needs to gradually build up trust and investor confidence in Czech in order to achieve long-term profits.

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