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Irish hopes on Xi Jinping's visit

02-19-2012 10:42 BJT Special Report:Vice President Xi Visits US, Ireland, Turkey |

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In addition to his meetings with top Irish officials. Xi Jin-ping is also expected to meet members of the country’s business community.

His trip comes as Ireland still suffers from the effects of the global economic crisis and as Richard Bestic finds out people in Ireland have high expectations for cooperation with China.

Ireland is looking East with the visit by the Vice President of the world’s second largest economy seen as a huge opportunity for this tiny trading nation.

The people here suffered badly in the financial crash a European Union bailout loan needed to stave off economic collapse.

Richard Bestic, Ireland, said,"This building as much as any probably typifies the end of the celtic tiger .. when Ireland’s economy roared. "

Owned by one of the country’s leading banks it ran out of money for this grand project before the work was finished and five years later it’s still the subject of legal wrangling.

Of course Ireland’s people have known difficult times before.

Richard Bestic, Ireland, said,"In the middle of the 19th century more than a million people died of starvation in the great famine."

A further million left the country setting sail for the West and what was then a newly emerging nation the United States of America.They sailed in ships like these the Jeanie Johnston a journey fraught with danger in one year alone 50,000 died at sea. Today a New Ireland tempts overseas investors like China with tax breaks and Ireland's key trading advantages. What financial advisers here see as an educated English speaking nation inside the Eurozone trading bloc.

Andy O' Callaghan, Price Waterhouse Coopers, said, "While political leaders here are eager to discuss investment possibilities with vice President Xi Jinping. "

Eamon Gilmore, Irish DEPUTY Prime Minister, said, "It is a very important political visit; a very important diplomatic visit, it is also a very important trade visit.

We would like to see Chinese companies taking an interest in investing in Ireland and through Ireland accessing the European Union market."

A joint venture most here believe would bring future benefits for both the Celtic tiger and the Chinese Dragon.


Editor:Zhang Pengfei |Source: CNTV.CN

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