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China eyes Central and Eastern Europe trade and investment


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China eyes Central and Eastern Europe trade and investment

China is aiming to double trading volumes with central and eastern members of the European Union within the next five years. Central and Eastern Europe (CEE) accounts for less than a tenth of China’s trade with the EU.

Speaking at an economic forum in the Romanian capital Bucharest, Chinese Premier Li Keqiang proclaimed 2014 “the year of China-CEE investment and business ties.”

Romanian Prime Minister Victor Ponta told delegates at the forum: “Cooperation between Central and Eastern European countries and China is part of the Europe-China relationship but it is a very special and complex part of it.”

The gathering in Bucharest came less than a week after an EU-China summit in Beijing, at which negotiations for a landmark bilateral investment treaty were launched.


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