China, Central and Eastern Europe make breakthroughs in infrastructure cooperation

Stockholm, June 3 (Greenpost) — Chinese enterprises and their partners in Central and Eastern European (CEE) countries have made new breakthroughs in infrastructure cooperation in recent years. The Chinese enterprises have actively followed up and participated in the projects of bridge, power station, highway and flood control in those countries, said Xu Xiaofeng, deputy head of Department of European Affairs under Ministry of Commerce (MOC) on Wednesday.

Chinese enterprises have participated in construction of projects such as Belgrade’s Danube-spanning bridge and the Kostolac power plant in Serbia, Serbia’s E763 highway, highway projects in Macedonia, thermal power plants in Bosnia and Herzegovina, etc.

China is the largest trade partner of the 16 CEE countries in Asia, while Poland, Czech Republic and Hungary are the top three trade partners in the CEE for China.

In recent years, the bilateral trade between China and CEE countries has grown steadily.

According to Chinese customs statistics, the bilateral trade increased to 60.2 billion US dollars in 2014 from 52.1 billion US dollars in 2012, representing a rise of 15.6 percent.

In the first four months of 2015, their bilateral trade value amounted to 17.6 billion US dollars, down 6.4 percent year on year. Enditem

Source  Xinhua

Editor  Xuefei Chen Axelsson