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China will invest 820 million dollars in the Dominican Republic

China will invest 820 million dollars in three projects in the Dominican Republic, a country with which it also signed a memorandum of understanding aimed at marking a new era of development, diplomatic sources reported today.

Santo Domingo, Nov 9 (EFE) .- China will invest 820 million dollars in three projects in the Dominican Republic, a country with which it also signed a memorandum of understanding aimed at marking A new era of development, diplomatic sources informed today.

The representative of China in the Caribbean country, Fu Xinrong, stressed that these investments include the construction of a central waste incinerator and a gas plant at a cost of 270 million dollars; 10,000 low-cost housing in 200 million dollars. seventh edition of the Trade Show of the People's Republic of China in the Dominican Republic, which according to its organizers, involves more than 30 companies from ten Chinese cities, presenting products, equipment, technology and brands.

"The links between our two countries are increasingly frequent and narrow, as we are the second partner The Dominican Republic and the Dominican Republic's commercial partner is the second commercial partner for China in the Caribbean zone, "Fu added.

The vice-president of the Chinese Council for the Promotion of International Trade, Wang Jinzhen, said that state agency "is willing to make their efforts together with Dominican partners to promote the development of relations economic and commercial activities and to diversify cooperation in the areas of science and technology, culture and communication and other dynamic areas. "

He assured be convinced that the deepening of economic and trade relations between the two countries, the vigorous development of the Chinese economy and the sustained growth of the market Chinese consumption will bring unlimited business opportunities to the Dominican business sector.

He expressed that the economic and commercial exchange between both nations has grown rapidly and this is why the total volume of trade reached almost 1,700 million dollars in 2016.

China and the Dominican Republic have no formal relations, although in recent years the contacts between both nations have increased.

The Caribbean country and Taiwan, whom Beijing considers a rebel province, do maintain official diplomatic relations for more than a decade. 60 years old.

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