During the first day of the Fourth China CEEC Investment and Trade Expo from June 7 to 11, Ningbo municipal government officially released the China-CEEC Trade Index (CCTI), as a tool to assist companies, organizations and government departments to better understand the levels and changing trends of trade between China and CEEC.

The index contains three components for imports, exports, and imports and exports, and quantifies the levels of trade from the 16 countries and in aggregate. The growth rate and development potential of individual countries and their proportions in China's trade with CEEC in general are all measured in the index system.

"The trade cooperation between China and CEEC has been continuously deepened in recent years, and China-CEEC trade plays an increasingly important role in China-Europe trade as well, which is supported by the CCTI," said Dong Xuebing, executive vice director of China Academy of West Region Development in Zhejiang University, which provides academic support to the index system. 

"In 2017, the average index of imports and exports of CCTI rose by 16.12 percent on a year-on-year basis, while from 2014 to 2017, China's import and export trade with CEEC increased from 7.55 percent to 8.73 percent."

In 2017, Poland accounted for 31.34 percent, the highest proportion of the import and export trade between China and CEEC; Slovenia had the highest growth rate, up by 45.85 percent compared with 2014; countries like Croatia show great potential for trade with China with a relatively low trade volume and a relatively high growth rate.

"In the future, we will take advantage of big data to develop more products and applications of CCTI, while strengthening its interpretation to provide reference to companies, government departments, and financial and academic organizations." said Feng Yangwen, vice general manager of Ningbo Shipping Exchange.

Related

Go to Forum >>0 Comment(s)