China says open for trade with east Europe

Lloyd Doyle
July 9, 2018

The new list widens market access for foreign investment in primary, secondary and tertiary sectors, detailing 22 opening-up measures in fields including finance, transportation, professional services, infrastructure, energy, resources and agriculture.

Chinese Premier Li Keqiang speaks during a news conference at the 7th Summit of Heads of Government of CEEC and China in Sofia, Bulgaria, July 7, 2018.

"We need to uphold multilateralism, we need to uphold free trade. and work together to prevent a slowdown of the global economic recovery", Li said. "It needs to be transparent".

On how to further push the mutually beneficial cooperation between China and Germany in the future, Shi believed the two sides should promote pragmatic cooperation in at least three areas - in further opening up to each other, strengthening cooperation in science and technology, and exploring new areas of cooperation.

Officials from the EU, World Bank, and European Bank for Reconstruction and Development were invited and Li said those organisations were welcome to jointly fund projects in central and eastern Europe.

Although the US trade war with China wasn't initially on the agenda, it was an unavoidable topic for the host country and its Chinese visitor.

"Such a project should be carried out in a transparent way and I invite third parties to participate, for example, global organisations and banks", Keqiang said speaking through an interpreter during a news conference after a meeting with Bulgarian prime minister Boyko Borisov broadcast by Bulgarian TV channel Kanal 3.

Beijing earlier accused Washington of triggering the "largest-scale trade war".

Meanwhile, Shi said that certain concerns from Germany and the wider European Union (EU) about Chinese investment in Germany and the cooperation between China and Central and Eastern Europe are unnecessary.

China and some of the 16 countries at the summit signed memorandums and agreements on economic cooperation and other issues.

On the contrary, he said that the "16+1" is conducive to narrowing the internal development gap in Europe, achieving balanced development in Europe and contributing to the acceleration of the continent's integration.

Last month Hungary finalised the construction timetable with Beijing for a Budapest-Belgrade rail link.

Li also called for joint efforts to deepen exchanges in culture and education and among young people, and expressed China's readiness to encourage competitive Chinese businesses to invest in Albania for win-win results.

Countries taking part in the summit include the region's European Union states, plus Albania, Bosnia and Herzegovina, Macedonia, Montenegro and Serbia.

Other reports by Iphone Fresh

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