Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 9 (Xinhua) — Economic and trade relations between China and Central and Eastern European (CEE) countries are developing soundly and steadily, opening up great opportunities for further cooperation, China’s Ministry of Commerce said Friday.
Since 2012, China’s trade with Central and Eastern European countries has grown by an average of 8.8 percent per year, while imports from these countries have grown by an average of 7.4 percent per year, outpacing the growth rate of China’s foreign trade over the same period, Deputy Minister of Commerce Yan Dong said at a departmental press conference.
In 2024, trade volume between China and CEE countries increased by 6.3 percent year-on-year to reach a record high of $142.3 billion, according to the ministry.
At the same time, both sides have also seen increasingly active investment activities, Yan Dong said, adding that Chinese investment in CEE countries has now exceeded US$24 billion.
In recent years, a new bright spot has emerged in the investment cooperation between China and CEE countries: Chinese enterprises in the upstream and downstream sectors of the electric vehicle and traction battery production chains have increased their momentum in research and investment in CEE countries, he noted.
He said that China’s efforts to comprehensively expand the country’s high-level opening up to the outside world and build various economic and trade platforms that provide a basis for both sides to carry out multi-faceted cooperation will open up important opportunities for cooperation between China and Central and Eastern Europe countries in the future.
The strong trade and economic complementarity between China and the Central and Eastern European countries provides new space for cooperation in the industrial, trade in goods and trade in services sectors, Yan Dong added.
The 4th China-CEEC Expo and China International Consumer Goods Fair will be held in Ningbo, east China’s Zhejiang Province, from May 22 to 25 this year. The event will be a major platform for showcasing branded products from CEEC countries, expanding imports from CEEC countries, and promoting mutual investment between China and these countries, the Ministry of Commerce said. -0-