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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