November 24 (SeeNews) - China is willing to invest in the construction and upgrade of infrastructure in port areas of the Adriatic Sea, the Black Sea and the Baltic Sea to boost cooperation and connectivity, the Chinese government said on Tuesday.
Meanwhile, China will support countries in Central and Eastern Europe (CEE) in their industrial upgrading with its advanced capacity in automobiles, steel, shipbuilding, port equipment and engineering machinery, Chinese prime minister Li Keqiang said in a government statement issued after the opening ceremony of the fifth economic and trade forum between China and CEE countries in Suzhou.
You can download the 2024 Automotive industry in Southeast Europe report here
Bilateral trade between China and the 16 CEE countries reached over $60 billion (56 billion euro) last year amid sluggish global economic growth, indicating tremendous trade and investment potential, the official said.
To facilitate bilateral investment, China is mulling setting up a $3 billion investment fund and has proposed to establish a “16+1” multilateral financial firm to expand financing channels and reduce financing cost.
Keqiang called for more support and involvement of small and medium-sized enterprises (SMEs) in bilateral investment and trade.
($=0.937783 euro)