China looking at Greek euro exit
Updated: 2012-06-05 10:29
By Lan Lan and Chen Jia in Beijing and Oswald Chen in Hong Kong (China Daily)
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Investment
Some Chinese companies have yet to see any impact on their business in Greece. China Ocean Shipping (Group) Company, the largest State-owned shipping conglomerate in China, said it had not yet adopted "specific measures" against Greece's possible exit from the eurozone.
In 2008 the company signed a $4.2 billion-euro ($5.3 billion) contract to operate Greece's Piraeus port, the biggest container port in the country, for up to 35 years.
Hong Kong
Hong Kong's economy could be hit hard by a Greek exit from the eurozone, the region's financial secretary John Tsang told the city's legislators on Monday.
"Being a small and open economy, Hong Kong must prepare itself for the challenges brought about by the rapid deterioration of the macroeconomic environment globally."
Contact the writer at lanlan@chinadaily.com.cn
Ding Qingfen and Zhou Siyu contributed to this story.
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