Chinese Premier Li Keqiang is in Serbian capital Belgrade for the China-Central and Eastern European summit. It's the second stop of his three-nation tour. On Tuesday, Premier Li met with leaders from a number of Central and Eastern Europe. Over 15-hundred business delegates have attended the summit.

This is the third time leaders from China and the Central and Eastern European Countries, or CEEC, are meeting. In 2012, during the first summit, the participating states adopted a strategy that would ultimately give China a new foothold in Europe outside of the EU. The plan brought with it billions of dollars in Chinese investment, to a region hit hard by the global economic and Eurozone crises.

Speaking on the first day of the two-day meeting, the Chinese premier Li Keqiang, said China is ready to double the momentum.

This is the third time leaders from China and the Central and Eastern European Countries, or CEEC, are meeting. In 2012, during the first summit, the participating states adopted a strategy that would ultimately give China a new foothold in Europe ... outside of the EU. The plan brought with it billions of dollars in Chinese investment, to a region hit hard by the global economic and Eurozone crises.

Speaking on the first day of the two-day meeting, the Chinese premier Li Keqiang, said China is ready to double the momentum.

The meeting, and a simultaneous economic business forum, brought promises of new investments ...worth an estimated ten billion dollars ... for infrastructure, energy, telecoms, software, highways, and rail lines, among others. Some leaders said bureaucracy is unnecessarily delaying much-needed projects. But most agreed the investments -- would ultimately stimulate significant growth.

The European countries here are largely the continent's less-developed ones. And they are looking for financing. That spells double-opportunity for the world's biggest economy. Chinese banks offer the money, and Chinese companies carry out the work. China says: it is win-win. But given the rising debt levels in the region, some wonder if this approach -- of extensive-borrowing -- is sustainable.Li Keqiang said that ultimately, the goal is to see more Chinese money coming in here, and more goods coming out.

Go to Forum >>0 Comment(s)