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Rosy prospects ahead for China-CEEC economic ties

2021-06-10 14:42:57 Xinhuanet.com

The expo functions as a platform for China and CEECs to carry out in-depth exchanges and achieve win-win outcomes so as to inject new impetus to practical cooperation between the two sides.

-- Joint efforts to boost trade and strengthen cooperation in emerging industries between China and Central and Eastern European Countries (CEECs) are high on the agenda of the second China-CEEC Expo & International Consumer Goods Fair.

-- Trade between China and CEECs grew at an average pace of 8 percent between 2012 and 2020, more than twice the growth of China-EU trade during the same period.

-- The expo functions as a platform for China and CEECs to carry out in-depth exchanges and achieve win-win outcomes so as to inject new impetus to practical cooperation between the two sides.

Leon Meredyk, a Polish national, spoke in fluent Mandarin as he introduced dairy products from Poland at the second China-CEEC Expo & International Consumer Goods Fair in Ningbo, east China's Zhejiang Province.

"We attach great importance to the Chinese market as it has great potential," said Meredyk, business development manager of Vici Group, a Polish company that started exports to China in 2013.

Themed "Fostering a New Development Paradigm, Sharing a Win-Win Opportunity," the expo opened Tuesday, attracting some 300 enterprises from Central and Eastern European Countries (CEECs) and more than 7,000 buyers.

Joint efforts to boost trade and strengthen cooperation in emerging industries between China and the CEECs are high on the agenda of the expo, which is expected to provide a variety of choices for specialty products from CEECs for Chinese customers, and offer various platforms for exchanging views.SUSTAINED VIBRANCY OF TRADE

Bucking a global downturn, trade between China and CEECs jumped 50.2 percent year on year to 30.13 billion U.S. dollars in the first quarter of 2021, data from the Ministry of Commerce (MOC) showed.

In 2020, trade in goods between China and the CEECs exceeded 100 billion U.S. dollars for the first time. In the first quarter of this year, China imported 8.17 billion U.S. dollars worth of goods from these countries, a year-on-year jump of 44.7 percent.

The expo will help the Chinese market learn more about commodities from CEECs, expand CEECs' exports to China, and help all parties respond to the challenges brought about by the COVID-19 pandemic and promote economic recovery.

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