Armenia is open to Chinese investments: Minister Papoyan receives Ambassador Li Xinwei

Armenian Minister of Economy Gevorg Papoyan received the newly appointed Ambassador Extraordinary and Plenipotentiary of China to Armenia, Li Xinwei.

According to a readout issued by the ministry, Papoyan congratulated the ambassador on his appointment and expressed hope that, thanks to his efforts, trade and economic cooperation between the two countries would gain new momentum.

“We have all the necessary prerequisites for the further expansion and deepening of economic ties. Armenia is open to Chinese investment,” Papoyan said.

During the meeting, the sides discussed prospective areas of cooperation.

The discussion also focused on the Armenian government's "Crossroads of Peace" project, which, according to the minister, “could become an important platform for regional and large-scale economic cooperation.”

Ambassador  Li Xinwei expressed gratitude for the warm welcome, noting that Armenia has great potential to increase its presence in the Chinese market. He also emphasized the strong interest among Chinese consumers in Armenian products, particularly cognac (Armenian brandy), wine, and cigarettes.