The Government of the People's Republic of China and the Government of the Hellenic Republic,

(hereinafter referred to as the "Contracting Parties"),

Desiring to intensify their economic cooperation to the mutual benefit of both states on a long term basis,

Having as their objective to create favorable conditions for investments by investors of either Party in the territory of the other Party,

Recognizing that the encouragement and protection of investments, on the basis of the present Agreement, will stimulate the initiative in this field,

Have agreed as follows: