CEFC China Energy’s Fall From Grace in the Czech Republic

CEFC China Energy’s Fall From Grace in the Czech Republic
Czech President Milos Zeman (2nd-R) at The Great Hall Of The People in Beijing, China, on Sept. 4, 2015. Lintao Zhang/Getty Images
Milan Kajinek
Updated:

The Czech Republic, which has considerably increased its political and economic cooperation with China since 2014, has been shaken by uncertainty surrounding the Chinese energy giant CEFC China Energy. The large Chinese conglomerate had promised to invest tens of billions in the country.

After a press release emerged that the CEO of CEFC, Ye Jianming, was arrested in China, Czech President Milos Zeman sent two officials to find out the situation of one of his closest advisors.

Related Topics