Economy July 17, 2018 | 2:12 pm

China could invest over US$10.0B in the coming years

Fu Xinrong, top Chinese diplomat in Dom. Rep. File

Santo Domingo.-  China could invest more than US$10.0 billion in the Dominican Republic in the coming years, said the head of the Foreign Ministry’s Asia and Oceania Relations.

Luis González said the investments would be in areas such as tourism, energy, business, infrastructure and others. “There is the possibility that these investments come to the country, because we are facing the state that is investing the most in the world and has the interest to establish itself in the region.”

Speaking on Teleradioamérica, Channel 45, the official said it’s also possible that the Dominican Republic will significantly increase exports to China. “And more so this year since president Danilo Medina declared it the Exports Promotion Year.”

He said the sale of Dominican products to China last year reached around 140 million dollars, but in one or two years “could reach 500, 600 or billion.”

He called Dominican Republic’s establishing diplomatic ties with China “a great leap forward,” since the Asian giant, “is investing the most in the world, especially in Latin America.”

Comments