Collaboration with CEE countries reshaping landscape of China-Europe cooperation
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E-mail Xinhua, November 26, 2015
With existing rail and air links connecting China and the CEE countries and the planned China-Europe land-sea express passage, connectivity within the 16+1 framework will be further strengthened to facilitate the movement of goods and people.
It is a fact that China's trade with Western European countries accounts for a lion's share of China-Europe trade while CEE countries now jointly account for about a tenth of China-Europe trade.
Given the enormous cooperation potential between China and CEE countries, and the strong political will of the 16+1 leaders to promote all-around cooperation, it will not be long before the CEE countries significantly increase its trade with China.
It is worth noting that the bigger role the CEE countries will play in China-Europe ties will pose no challenge to Western European nations, which have also pinned high hopes on trade with a rapidly growing China. What is happening within the 16+1 framework is actually a boon to the rest of Europe.
On the one hand, the major contents of their exports to China differ, which decides that West Europe hardly faces any competition from the CEE countries in terms of trade with China.
On the other hand, improved transportation and revamped ports in the CEE countries will also greatly facilitate trade flow between China and Western Europe.
As Chinese Premier Li Keqiang said Tuesday, there are great opportunities "right under our noses" for 16+1 cooperation. It is hoped business leaders on both sides will seize the opportunities to give China-Europe win-win cooperation a hefty boost.
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