There is great potential for mutual investment - Chinese envoy says

Chisinau, Oct. 5 /MOLDPRES/- Ambassador of the People's Republic of China to the Republic of Moldova Yan Wenbin says there is great potential for investment and cooperation between the two countries. The statement was made in an interview given to MOLDPRES State News Agency.

According to the official, China has become one of the largest foreign investors in the world. In 2021, China's industry-wide direct investment abroad was about 145.19 billion US dollars, with an annual growth of 2.2%.

"Unfortunately, so far China's investments in Moldova are far from satisfactory. This is a weak point in the relationship between the two states, which needs to be fixed as soon as possible. On the other hand, this means that there is great potential for investment and cooperation between the parties,” Yan Wenbin said.

The Ambassador noted that the Moldovan government is making an effort to attract foreign investments through which to develop the cultivation of agricultural products and advanced processing, digitalization, transport infrastructure, new energies and other fields.

"China is a great power in these areas, and the two countries can move forward in discussions and seek opportunities for collaboration. The Chinese Embassy will actively provide assistance in this regard. Investment cooperation is closely related to a good business environment. We hope and believe that Moldova will offer Chinese investors an open, fair, non-discriminatory and predictable environment", the official said.

Yan Wenbin took over the position of Ambassador of China to Moldova in December 2021.

Photo: Embassy of the People's Republic of China in Chisinau