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China-CEEC cooperation enters new stage

Editor: Tong Xinxin 丨CCTV.com

11-27-2015 17:19 BJT

By Yang Jin, Associate researcher of Chinese Academy and Social Sciences

The 4th Meeting of the Heads of Government of China and Central and Eastern European Countries (CEEC) and the 5th China and CEEC Economic and Trade Forum were held in Suzhou City, East China on Nov. 24-25. Fruitful results were achieved, which manifest China-CEEC cooperation has entered a higher level.

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The political mutual trust between China and CEEC has been enhanced at the 4th summit, despite a complicated international environment in the Eurasian region. China and the 16 Central and Eastern European countries had jointly issued the Medium-term Plan for Cooperation and the Suzhou Guidelines for Cooperation, to outline a future cooperation blueprint.

It was the first time for Beijing to hold the China and CEEC Economic and Trade Forum. Its theme, "new starting point, new fields, new vision" highlighted economic and trade cooperation with guidelines on how they all can collaborate in the future. 

As emerging-markets and core areas to connect Europe and Asia, CEEC appears to have a bright future for Eurasia economic integration. As the biggest emerging-market country, China has made huge capacity in reform and opening-up to lay a foundation for Chinese companies to go abroad and seek cooperation.

The economy, trade and investment between China and CEEC complement each other. The construction of the Silk Road Economic Belt makes CEEC a more essential economic corridor to connect Europe and Asia.

The China and CEEC under 16+1 mechanism is a good example of multilateral cooperation. Since its initiation, trade volume between China and CEEC has increased significantly.

The marked improvement is witnessed in the fields of trade, investment, finance, agriculture, high-tech and infrastructure. Next, Beijing would increase the opening-up of the agricultural product market to CEEC, and encourage more Chinese to travel there.

Many CEEC countries have signed on as founding members of the AIIB (Asian Infrastructure Investment Bank), and have demonstrated strong interest to cooperate in infrastructure, finance, capacity and humanities.

This is a huge stimulus to expand on comprehensive cooperation between China and CEEC, which can enter a new stage with implementation of the Medium-term Plan for Cooperation.

 

( The opinions expressed here do not necessarily reflect the opinions of Panview or CCTV.com. )

 

 

Panview offers a new window of understanding the world as well as China through the views, opinions, and analysis of experts. We also welcome outside submissions, so feel free to send in your own editorials to "globalopinion@vip.cntv.cn" for consideration.

Panview offers an alternative angle on China and the rest of the world through the analyses and opinions of experts. We also welcome outside submissions, so feel free to send in your own editorials to "globalopinion@vip.cntv.cn" for consideration.

 

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