400 Chinese buses to arrive in Armenia
On the sidelines of his visit to Beijing, Yerevan Mayor Karen Karapetyan had a working meeting with Beijing transport committee. During the meeting, the parties discussed the credit purchase of 400 China-manufactured buses by Armenia, Yerevan Mayor's Office reported.
Karen Karapetyan paid an official visit to China on July 26-30 at the invitation of Beijing Mayor Guo Jinlong. During the meeting with the Beijing transport committee, the Armenian delegation was briefed on China's strategy and management in transport sector.
The Armenian side presented reforms in the sector, offering Chinese partners to participate in investment programs. China, in turn, expressed readiness to study the proposals and offer change of experience in case of necessity.
Beijing also hosted a business committee session with participation of representatives from private and state companies of China. At the session, the delegation submitted six major investment programs to be implemented in Armenia.
Karen Karapetyan also met with with chairman of Huawei Technologies telecommunications equipment company to discuss opening of Huawei Technologies center in Yerevan.
A memorandum of understanding for implementation of joint activities was signed at the end of the meeting.
