China will expand trade with Central and Eastern Europe

Sun Yongfu, Director of the European Department of the Ministry of Commerce, said at the “Special Press Conference of China-Central and Eastern European Countries Economic and Trade Promotion Ministerial Conference” yesterday morning that in addition to Russia, China will also cooperate with China, including Serbia and Romania. The 16 Eastern European countries have expanded trade and strengthened cooperation in infrastructure construction and other areas.
The China-Central and Eastern European Countries Economic and Trade Promotion Ministerial Conference and the Central and Eastern European Countries Specialty Products Exhibition will be held in Ningbo from June 8th to 9th. Issues such as increasing mutual investment and broadening financing channels will be discussed with the 16 Central and Eastern European countries.
Sun Yongfu said that in 2013, customs data showed that the total import and export trade volume between China and 16 Central and Eastern European countries was US$55.1 billion. From January to March this year, the total trade volume between the two sides increased by 10.5% year-on-year. It is expected that the trade volume between the two sides in 2014 will exceed 60 billion US dollars. Dollar.
According to incomplete statistics, China currently invests nearly US$5 billion in Central and Eastern European countries, involving machinery, chemicals, home appliances, logistics and trade, new energy, research and development, finance, agriculture, etc.; 16 Central and Eastern European countries have invested more than US$1.1 billion in China, involving Machinery manufacturing, chemical industry, dairy products and other fields.