Africa, Sri Lanka and now Greece, China goes on a spending spree...

China could sign a billion-euro investment deal with Greece on Tuesday, as the European nation battles to reduce its huge deficit.

Chinese Vice-Premier Zhang Dejiang visits the debt-laden country on Tuesday and will reportedly commit to investment in maritime affairs, telecoms and the renovation of a landmark tower building in Athens' port of Piraeus, the Financial Times said, citing an unnamed Greek government official.

Other deals including shipbuilding agreements worth €500m will also be signed, the report added. More...

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