|Monaco may become a special hub for the digital silk roads|
|Author: CSEBA / SEEbiz / OBOREurope|
|31st March 2019|
|MONTE CARLO - After his visit to Italy, and before meeting with French president, Chinese President Xi Jinping made a short stop in Monaco where he met with Prince Albert II.|
This is the first time a Chinese leader has visited the principality. This gesture, highly appreciated in Monaco, shows China’s interest in all European countries, including micro-states.
The two heads of state had fruitful discussion about environmental protection, a cause that Prince Albert II takes to heart. Monaco and China may deepen their cooperation on environmental projects.
The Principality also hopes to become a preferred destination for the wealthy Chinese clientele.
Monaco expects a lot from Chinese technologies. A new agreement on the Internet of Things was signed between Monaco Telecom and Huawei on February 27, 2019. With this agreement, Monaco will soon become the first state to be fully covered by 5G, and will serve both as a showcase and laboratory to offer digital solutions to Europe.