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'Now is time to invest in northern Europe'

Updated: 2012-12-14 07:45
By Tuo Yannan ( China Daily)

As southern Europe continues to struggle with economic troubles, the time is ripe for Chinese enterprises to invest in the northern part of the region, said an expert on European studies and a senior Danish trade official.

"The International Monetary Fund predicted on Oct 8 that the economy in (northern Europe) will shrink 0.4 percent year-on-year in 2012," said Luo Hongbo, former vice-chairman of the Chinese Academy of Social Sciences European Studies Institute.

"That will greatly affect economic ties between China and Europe, especially exports from China to the European Union and European investment in China."

'Now is time to invest in northern Europe'