Collaboration with CEE countries reshaping landscape of China-Europe cooperation
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E-mail Xinhua, November 26, 2015
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China and the CEE countries have made great strides in pushing forward win-win cooperation. |
The latest trove of cooperation documents signed between China and the central and eastern European(CEE) countries are solid proof that their 16+1 mechanism is full of vigor and has started to reshape the landscape of China-Europe cooperation.
Since the first 16+1 leaders' meeting in Warsaw in 2012, China and the CEE countries have made great strides in pushing forward win-win cooperation, exemplified by various China-supported key infrastructure projects in the less developed part of the European continent as well as the increasing volume of exports from CEE countries to the Chinese market.
China and the CEE countries share a bright prospect for further cooperation since their economies are highly complementary.
In 2014, trade volume between China and the 16 CEE countries surpassed 60 billion U.S. dollars. Though still small considering their overall economic output, the figure represents a substantial increase from the previous years, thanks to efforts by both sides to boost cooperation in the field of economy and beyond.
China is a promising export market for the CEE countries at a time when consumer sentiment remains low across the European continent, dragged by a sluggish economic recovery.
Moreover, the CEE countries now face an urgent need to update their infrastructure network, an area in which China has accumulated rich experiences in the past several years.
Their cooperation potential will be further boosted by the Belt and Road Initiative proposed by China, as almost all CEE countries are along the ancient routes the initiative tries to revive, and have expressed a strong interest in being part of the program.
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