Greece  formally signed a memorandum of cooperation with China in the transportation sector, with Transport Minister M. Liapis and Chinese Minister Shenglin Li signing the agreement in Athens. 

The agreement followed Liapis official visit to China last week, and involves road transports, combined transports and less red tape in cross-border transports between the two countries.

Greece, China eye port development: Greece and China are discussing plans to involve Chinese firms in developing domestic ports, a move that would aid in the transportation of the companies goods and bring a lasting improvement in infrastructure, Merchant Marine Minister Manolis Kefaloyiannis said on Monday.
"Greek ports are located at the crossroads of Europe, and we wish to make them hubs that will serve global trade in Europe and in the wider region of the southeastern Mediterranean and Africa," Kefaloyiannis told reporters after a meeting in Athens with Chinas communications minister, Li Shenglin, whose portfolio includes shipping.

"The ministers visit affirms the excellent relations that were inaugurated when Prime Minister Costas Karamanlis visited China. The Chinese minister and I collaborated to draft proposals for the development of Greek ports, cooperating with major Chinese enterprises," the Greek minister noted.
Shenglin visited a container terminal at Neo Ikonio that belongs to the port of Piraeus.

Deputy FinMin Doukas meets Chinese finance ministry officials: Deputy Finance Minister Petros Doukas on Monday evening met with senior representatives of the Chinese Finance Ministry as well as with representatives of a big Chinese banking group.

The finance ministry in an announcement said that the Chinese showed great interest in the procedure for the formulation of the budget, the new methods for the inspection apparatuses, issues about which Greece is able to offer technical know-how, and discussed with the representatives of the finance ministry of the Peoples Republic of China, headed by Deputy Director General Zhou Cheng Yue, were ways of cooperation in this sector.