Foreign minister says China ready to invest in Armenian economy

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19 Oct 04

Armenian Prime Minister Andranik Markaryan today received Chinese
Foreign Minister Li Zhaoxing. Markaryan highly evaluated China’s
contribution to maintenance of stability and peace. He expressed his
hope that China’s position on the Karabakh issue will further remain
impartial and unbiased.

The meeting said that close political cooperation between Armenia and
China is based on mutual understanding and equality. Markaryan also
expressed his satisfaction with the fact that close cooperation has
been established between the ruling party of China and the Republican
Party of Armenia, which he leads.

Markaryan and Li Zhaoxing noted the necessity of boosting
Armenian-Chinese trade and economic relations. Noting the significant
growth in trade between the two countries in the first quarter of the
year, the Chinese foreign minister expressed his country’s readiness
to invest in Armenia’s infrastructure.