New order: Turkish President Tayyip Erdogan and Chinese Presdient Xi Jinping. Photo: Reuters/Damir Sagolj

The Daily Sabah reported Friday that private Chinese capital is entering Turkey, with China’s ambassador to Turkey highlighting several large projects. While the two governments are working on a high-speed railway and nuclear power station, China’s Wanda has announced investment in a new resort, and China’s Tianchen Engineering has completed a natural gas storage project. The ambassador also stressed Turkey’s importance to the One Belt, One Road initiative.