News

The slowdown of the Chinese economy is not so much as of result from the influense of the world economy crisis, as of the inbalance between the import and the export in the country, said Viktor Azmanov. He stressed that for the passed ten years the Chinese export is between eight and ten times more, compared to the import. this difference is reflecting to the import of foreign currency in the country, and espesially into the U.S. dollar. To solve that problem, the Chinese government submit a directive to the Chinese development bank, which is the main instrument for investment abroad. According to that directive in frame of five years from 2010 to 2015, 500 billion dollars must be invested outside of China, in projects worth more than 1 billion dollars. The estimates do not come true, because for the first year instead of 100 billion dollars are invested only 8, is the comment from Mr. Azmanov. Acording to his words the reasons for that delay in the program are, at first place, the Chinese desidion not to buy the debts and to be an real investor, and second - the absence of experience from the Chinese companies to work in market economy. The business in China counts mostly on state orders, said in addition Viktor Azmanov.  

 

Refarding Bulgaria, China has an interest to invest in Energy, farming and infrastructure consessions. "Haiway Hemus" and the tunnel under Shipka are an excellent opportunity for the Chinese bank to invest and the bulgarian citizens to have use of that, also said Azmanov. From other side, the chinese companies have the ambitions to take their manufacturing abroad. At the same time our country have the possibility to export principally food stock, rose (damask) oil, wine, Azmanov is categorical, whom knows perfectly the Chinese market, cluture and traditions in that vast country.