BEIJING, Nov. 28 (Xinhua) -- Total investment of Chinese investors to Portugal has exceeded 9 billion euros, making Portugal the fifth largest destination of Chinese investment in Europe.
The newly released Eurasian connectivity strategy by the European Union can be effectively linked with the Belt and Road Initiative, which has special meaning for Portugal. Portugal can take advantages of the Belt and Road Initiative to increase value of domestic ports and the transportation routes to Spain. The Silk Road Economic Belt and the 21st Century Maritime Silk Road, both going through the Sines port of Portugal, bring new chance to Portuguese economy, said Foreign Minister of Portugal Augusto Santos Silva.
The promotion of the Belt and Road construction has laid an important platform for deepening cooperation between China and Portugal in economy and trade. In 2016, Portuguese Prime Minister Antonio Costa expressed his willingness to further promote cooperation between the two countries under the framework of the Belt and Road Initiative during his visit to China. Since then, bilateral economic and trade cooperation has rapidly developed.
(Edited by Bao Nuomin, Yang Qi, baonuomin@xinhua.org)
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