Firm path for Chi­nese prod­ucts

Joint com­pany to fund projects in key Cen­tral, East­ern Euro­pean mar­kets, Premier Li says

China Daily (USA) - - TOP NEWS - By HU YONGQI in Riga and WANG QINGYUN in Bei­jing Con­tact the writ­ers at huy­ongqi@chi­nadaily.com.cn

China and 16 coun­tries in Cen­tral and East­ern Europe have set up a fi­nan­cial hold­ing com­pany to fund projects that pro­mote Chi­nese-made equip­ment and prod­ucts.

Premier Li Ke­qiang and his Lat­vian coun­ter­part, Maris Kucin­skis, in­au­gu­rated Si­noCEEF Hold­ing Co Ltd in Riga, the Lat­vian cap­i­tal, on Satur­day.

“China has signed a mem­o­ran­dum with Poland and the Czech Re­pub­lic to make con­tri­bu­tions to the­com­pany, and other CEE coun­tries are wel­come to join us,” Li said at the fifthMeet­ing of Heads of Govern­ment of China and CEE Coun­tries.

The com­pany’s fo­cus will be projects on con­nec­tiv­ity and pro­duc­tion ca­pac­ity co­op­er­a­tion that in­volve the pur­chase of Chi­nese equip­ment and prod­ucts, the premier said at a trade fo­rum ear­lier on Satur­day.

Chief among the com­pany’s goals is to pro­vide fi­nanc­ing to China-CEE co­op­er­a­tion projects.

In a joint news con­fer­ence after the lead­ers’ meet­ing, Kucin­skis said CEE coun­tries look for­ward to fur­ther­ing co­op­er­a­tion with China, in­clud­ing in trans­porta­tion, fi­nance, tech­nol­ogy and cul­ture, and to bet­ter dove­tail­ing the Belt and Road Ini­tia­tive with the Euro­pean Union’s $350 mil­lion in­vest­ment plan.

Su Xiao­hui, a re­searcher at the China In­sti­tute of In­ter­na­tional Stud­ies, said the es­tab­lish­ment of the hold­ing com­pany shows China’s sin-

Lat­vian cap­i­tal.

cer­ity in co­op­er­at­ing with CEE na­tions.

She added that the­com­pany will pro­vide im­por­tant sup­port for the im­ple­men­ta­tion of strate­gies re­lated to the Belt and Road Ini­tia­tive.

Li also pro­posed at Satur­day’s meet­ing that both sides deepen co­op­er­a­tion in in­fras­truc­ture con­struc­tion. He said China sup­ports the con­struc­tion of pas­sages be­tween Asia and Europe as well as more trans­porta­tion hubs in the CEE re­gion.

In ad­di­tion, China en­cour­ages green econ­omy co­op­er­a­tion and is will­ing to im­port qual­ity agri­cul­tural pro­duce from CEE coun­tries that meet the needs of the Chi­nese mar­ket.

Li added that he also hopes to see closer peo­ple-to-peo­ple ex­changes.

First held in 2012 in­War­saw, Poland, the Meet­ing of Heads of Govern­ment of China and CEE Coun­tries is an an­nual gath­er­ing aimed at en­hanc­ing co­op­er­a­tion across var­i­ous fields.

Cui Hongjian, an ex­pert in Euro­pean stud­ies at the China In­sti­tute of In­ter­na­tional Stud­ies, said the meet­ing is a key rea­son be­hind the progress in bi­lat­eral co­op­er­a­tion over the past four years.

The gath­er­ing en­ables lead­ers from both sides to get to­gether reg­u­larly and un­der­stand each other bet­ter, and is a plat­form where they can raise and de­cide on im­por­tant is­sues such as ma­jor projects, he said.

The strength­en­ing of Chi­naCEE ties will serve as an ex­am­ple for China’s co­op­er­a­tion with other Euro­pean coun­tries, he added.

LIU ZHEN/ CHINA NEWS SER­VICE

Premier Li Ke­qiang and Maris Kucin­skis, the prime min­is­ter of Latvia, at the launch of Sino-CEEF Hold­ing Co Ltd on Satur­day in Riga, the

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