China is expected to help finance, with $5 billion shipping fund, the purchase of Chinese ships by Greek shipping companies

With details about the recent deal signed between the Greek Prime Minister George Papandreou and his Chinese counterpart, Wen Jiabao about the setting up of a $5 billion shipping fund still scarce, Hellenic Shipping News Worldwide spoke with Mr. George Xiradakis, head of business consultants XRTC, who has an active role in the matter. China is expected to help finance the purchase of Chinese ships by Greek shipping companies with the creation of this fund, which according to Mr. Xiradakis it will be quite selective and biased towards more traditional and well-known names among the shipping industry’s members.
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Source: Balkans.com