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2012-03-29 00:00:00
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Renewable energy and infrastructure are two of the key sectors where Bulgaria is about to see Chinese investments, Novinite reported, citing the Bulgarian-Chinese forum that took place March 26. Speakers included China's Vice Trade Minister Jiang Yaoping and Bulgaria's Deputy Economy Minister Ivo Marinov.
Yaoping suggested that Chinese companies should expand their role in Bulgaria in the field of infrastructure construction - all the way from highways to power plants. According to Marinov, Chinese companies are expected to start producing solar panels and wind power generators in Bulgaria. Marinov added that there was record trade between Bulgaria and China in 2011 - USD1.346bn, according to the National Statistical Institute. Bulgaria's export to China grew by 61% year-on-year, reaching USD403m while China's export to Bulgaria was worth USD943m in 2011. Chinese Ambassador to Bulgaria Guo Yezhou told the forum that in 2011 Chinese investments in the country grew by 320% year-on-year, with new investments in telecommunications, car manufacturing, energy, agriculture.
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