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The trade volume between China and Central and Eastern European countries has reached a new high, and the investment field has continued to expand

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According to data from the Ministry of Commerce, the trade volume between China and Central and Eastern European countries reached 103.45 billion U.S. dollars in 2020, surpassing 100 billion U.S. dollars for the first time, an increase of 8.4%; China-Europe freight trains operated 12,400 trains throughout the year, an increase of 50%, and exceeded the “10,000 trains” for the first time. turn off. As of the end of 2020, China had accumulatively invested US$3.14 billion in direct investment in the whole industry in Central and Eastern European countries, while the accumulated investment in China by Central and Eastern European countries was US$1.72 billion in the same period. Since the establishment of the China-CEEC cooperation mechanism in 2012, the volume of trade between China and CEECs has increased by nearly 85%, with an average annual growth rate of 8%. The economic and trade cooperation between China and Central and Eastern European countries has demonstrated vigorous vitality and strong resilience.


SME development embraces broad business opportunities


Located in the China-Central and Eastern European SME Cooperation Zone in Cangzhou, Hebei, on the construction site of the Central and Eastern European Business Center, there is a scene of hot construction. After the center is completed, it will become the permanent venue of the China-Central and Eastern European Small and Medium-sized Enterprise Cooperation Forum, building a new platform for cooperation between China and Central and Eastern European countries.


The China-Central and Eastern European SME Cooperation Zone is committed to promoting China-Europe cooperation in aviation, agriculture, high-end manufacturing and other fields. As of November 2020, the park has signed 118 projects over 100 million yuan, with a total investment of 21.119 billion yuan. In November 2020, the China-Central and Eastern European SMEs online fair held in the park attracted more than 300 Chinese and foreign companies to participate in the conference, reached over 30 project cooperation intentions, and signed 17 project cooperation memorandums.


At the same time, Ningbo City, Zhejiang Province is actively promoting the construction of China-CEEC Economic and Trade Cooperation Demonstration Zone, and Liaoning Province is actively creating a coastal economic belt China-CEEC Economic and Trade Cooperation Demonstration Zone. Local cooperation between China and Central and Eastern European countries is deepening.


"China continues to expand imports of goods from Central and Eastern European countries, which is a great benefit for Central and Eastern European SMEs." said Trachk, president of the Warsaw Chamber of Commerce in Poland. SMEs account for a considerable proportion of the economies of Central and Eastern European countries. Under the China-CEEC cooperation mechanism, more and more SMEs in Central and Eastern Europe have entered the Chinese market and embraced new business opportunities. Especially in the face of the challenge of the epidemic, cooperation with China has brought important confidence to many small and medium-sized enterprises in Central and Eastern European countries.


Bulgaria’s jam, Hungary’s noble rot wine, Serbia’s red wine... In June 2020, diplomats from some Central and Eastern European countries stationed in China entered the live broadcast room and became "Global Goods Recommendation Officers" and recommended a lot to Chinese consumers. A total of more than 2 million people watched live broadcasts of Central and Eastern European products. Soon after the live broadcast ended, Ivana, the export agent of a handmade soap manufacturer from Montenegro, received a call from a Chinese merchant. She said: "The epidemic has made our products sell poorly in many regions, but the Chinese market has brought us new business opportunities."


Gathering sand into a tower, standing water into an abyss. In 2020, the total import and export volume of China and Serbia will increase by 22.7% year-on-year; China's imports of dairy products from Poland will increase by 70%; the bilateral trade volume between China and Hungary will increase by 14.4% year-on-year, setting a record high...


"The epidemic has severely impacted the global economy, and the economic and trade exchanges between Central and Eastern European countries and China have risen against the trend, demonstrating China's important role in promoting economic globalization and regional economic cooperation. It is believed that under the promotion of the China-CEEC Leaders Summit, China- Trade and investment cooperation between Central and Eastern European countries will reach a new level." said Marek Hrubek, director of the Center for Globalization Studies of the Czech Academy of Sciences.


Much progress has been made in the construction of people's livelihood projects


Since the establishment of the China-CEEC cooperation mechanism, Chinese companies have participated in the construction of a large number of engineering projects in Central and Eastern European countries that are closely related to local people's livelihoods, creating significant economic benefits, as well as social and ecological benefits.


The Hungarian Baoside Industrial Park project invested by Wanhua Group has turned a company on the verge of bankruptcy into the top five companies in Hungary; the Romanian Lovinari coal-fired power station project built by Huadian Group will be retained after completion. On the basis of 3,000 jobs, another 1,800 jobs were added; the first batch of large-scale infrastructure projects using the “China-CEEC Cooperation Special Loan of US$10 Billion” Stanari Thermal Power Plant in Bosnia and Herzegovina gave a small Balkan city back to life... …


"Driven by the joint construction of the Belt and Road Initiative and the China-CEEC cooperation mechanism, China’s investment and construction projects in Central and Eastern European countries have continued to increase. Many infrastructure projects are related to people’s livelihood and well-being. Such cooperation will improve the quality of life of the people in Central and Eastern Europe. It is of great significance and also helps to narrow the development gap within the EU." said Kovodko, former Deputy Prime Minister and Minister of Finance of Poland.


In 2020, China Gezhouba Group and Bosnia and Herzegovina signed a contract for the Dabar Hydropower Station project, a joint venture formed by a subsidiary of China Power Construction and a Polish partner signed a Polish railway repair contract, and China Road and Bridge Engineering Co., Ltd. and the Serbian government signed the "Novi Sad- The "Ruma" expressway project...At the same time, a large number of key projects under construction are rapidly advancing. Important progress has been made in the Hungary-Serbia Railway, the Kaposvár photovoltaic power station in Hungary, and the Pan-European 5C corridor highway in Bosnia and Herzegovina.


Mikhailo Vesovic, head of the strategic analysis, service and globalization department of the Serbian Chamber of Commerce and Industry, said that the joint construction of the “Belt and Road” will bring more investment to the Central and Eastern Europe region and open up cooperation between Serbia and the entire Europe and China. New Field.


Digital economic cooperation has become a prominent highlight


On the eve of the Chinese New Year in 2021, the China-Europe "New Year Special Train" from Shenzhen, Wuhan and other places set off with whistle, loaded with household appliances, daily necessities, clothing, toys and other commodities, and sailed to Poland, Hungary and other countries.


In recent years, China-Europe trains have developed rapidly, and the interconnection between China and Central and Eastern European countries has been more optimized. In 2020, China-Europe freight trains will send 1.135 million TEUs, an increase of 56% year-on-year, and the comprehensive heavy container rate will reach 98.4%. Central and Eastern European countries such as Poland, Hungary, the Czech Republic, Lithuania, and Slovakia have become important passages and destinations for the China-Europe Railway Express.


The Marašević Cargo Terminal on the Polish border is an important transit station for the China-Europe Railway Express to enter Europe. A special train with special features, a special train for anti-epidemic, and a special postal train carry Chinese goods from here, and then transport European goods to China. “The epidemic has caused poor logistics, and the China-Europe Express has become the “lifeline” of many European companies.” said Vasjewitz, CEO of Polish Railway Freight Company: “Poland Railway Freight will further increase investment, improve cargo handling capacity, and make full use of We will continue to strengthen cooperation with China to provide more high-quality and efficient logistics and transportation services."


E-commerce in Central and Eastern European countries ushered in explosive development, and the proportion of e-commerce in retail sales in Poland, Hungary, Serbia and other countries has risen sharply. During the Spring Festival of 2021, the 25,000-square-meter overseas warehouse of the “One Belt One Road” Czech Station Logistics Park was extremely busy. Electronic products such as household sweepers and 3D printers from China are sorted and packaged here, loaded and shipped to consumers in Europe. Products with Czech characteristics, such as handicrafts and beer, also embark on a journey to China from here.


China plans to import commodities worth more than 170 billion U.S. dollars from Central and Eastern European countries in the next five years, and expand cooperation in the fields of digital economy, e-commerce, and health industry. Hungarian Finance Minister Volga said: "The cooperation between Central and Eastern European countries and China has promoted the development of new business formats, new channels, and new models. A series of favorable measures will further strengthen the economic and trade ties between the two sides and strongly boost cooperation between Central and Eastern European countries and China. This confidence will help the economic recovery and development of Central and Eastern European countries."