The Chinese investments in Arad (western Romania) could witness an expansion following the visit of a delegation of Hainan province, who explored the business opportunities in the area, daily Bursa informs on Tuesday.

The paper informs that the delegation headed by Hainan Governor Wei Liucheng, and two vice-presidents of Hainan Airlines Group, the fourth air transport operator in China, visited the Arad International Airport, as well as an agricultural unit, voicing interest in the opportunities offered by Romanian agriculture. The members of the delegation said they were content with the business potential of Arad city and county, and said that the next delegation would include businessmen willing to invest in the county. The Romanian side was represented by Arad Mayor Gheorghe Falca and vice-president of County Council Gavril Buza. There is a twinning agreement, signed in 2000 in Beijing, between Arad County and Hainan province of the People's Republic of China. The visit was paid over July 19-29, being organized by the local authorities and the Chinese Embassy to Romania. The Chinese investments in Romania stood at 200 million dollars at the end of 2005, while the Romanian investments in China amounted to 178 million dollars. Most bilateral investments were done in the IT&C sector, agriculture, infrastructure and environment protection.

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