China has pledged additional 100 million yuan in financial aid to Armenia
10.09.2013,
17:45
China has pledged an additional 100 million yuan (about 16 million U.S. dollars) financial aid to Armenia for implementation of joint programs, Chinese Premier Li Keqiang said at a meeting with his visiting Armenian counterpart Tigran Sargsyan, the Armenian government said today.
YEREVAN, September 10. / ARKA /. China has pledged an additional 100 million yuan (about 16 million U.S. dollars) financial aid to Armenia for implementation of joint programs, Chinese Premier Li Keqiang said at a meeting with his visiting Armenian counterpart Tigran Sargsyan, the Armenian government said today.
The Chinese government has already provided Armenia with an $11 million technical assistance grant. The bulk of this money was used for the construction of a school in Yerevan for in-depth study of the Chinese language, and the other part for purchase of a scanner for the customs service.
Li Keqiang was quoted as saying that China is willing to import various goods from Armenia.
"We would like to see in China Armenian brandies, jewelry and precious stones. Armenia and China are friendly countries, and we are extremely pleased that you are here to participate in the World Economic Forum," he said.
On his part Tigran Sargsyan thanked for the help, noting that the Armenian -Chinese economic relations are somewhat behind political relations. In this context, the Armenian Prime Minister attached importance development of tourism cooperation, highlighting the importance of direct flights between the two countries.
According to ArmStat, China's overall investments in Armenia’s real economy sector at the end of June 2013 amounted to $1.324.1 billion, of which $1.309.5 billion were FDI. -0-
