Don’t miss the latest developments in business and finance.

Chinese president signs partnership deal with Czech Republic

Image
AP Prague
Last Updated : Mar 29 2016 | 7:29 PM IST
Chinese President Xi Jinping signed a strategic partnership during his visit to the Czech Republic today, a sign of improving relations with a country that once was a critic of China's human rights record.
Xi, who was greeted with a rare 21 salvos of artillery at the Prague Castle, the seat of the presidency, signed the document today together with his host, President Milos Zeman.
He said through a translator it "sets a political direction for the development of our relations in the future."
Xi's visit his only stopover in Europe before flying to the US is a result of a more business-oriented Czech approach to China than the one that prevailed under the late President Vaclav Havel, a prominent proponent of human rights.
Unlike him, Zeman was the only European Union leader to attend China's celebrations of the end of World War II last year and said he hoped his country becomes "an entry gate" for China to the European Union.
He said business deals to be signed during Xi's visit could bring some 95 billion koruna ($3.9 billion) of Chinese investment this year. Details were expected to be announced tomorrow.

More From This Section

Xi also backed a series of other deals on cooperation in health, transport, IT, sciences, tourism, banking and other fields as well a partnership deal between the countries' capitals.
He was scheduled to meet Prime Minister Bohuslav Sobotka, the speakers of both chambers of Parliament and Prague's mayor later Tuesday.
Not everyone was happy with his visit.
Several supporters of the Falun Gong group that has been banned in China were in the streets of Prague on Tuesday morning, while others waving Tibetan flags were gathering to protest the China's human rights record near a palace where Xi was meeting the Czech leaders.

Also Read

First Published: Mar 29 2016 | 7:29 PM IST

Next Story