Sino-Lithuanian ties to see further boost

China and Lithuania are expected to strengthen cooperation in the fintech, aviation and other sectors through mutual agreements, including deals for more direct flights between the two nations, according to a top-ranking Lithuanian official.

Virginijus Sinkevicius, minister of economy for Lithuania, said the Baltic nation was looking to attracting more investment from Chinese fintech companies with data center investments and the creation of a more favorable (business) environment.

It is also looking to cash in through simplified business procedures to provide fast access to the EU market as well as showcase its sandbox capabilities, which enable companies to test products in real time conditions, said Sinkevicius.