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Cooperation between China and CEE Countries

On July 8, China’s official People’s Daily newspaper reported on the cooperation and economic relationships between China and Central and Eastern European (CEE) countries.

In February 2021, the head of the Chinese Communist Party, Xi Jinping, hosted the China-Central and Eastern European Countries (CEEC) Summit in Beijing via video link and delivered a keynote speech.

In 2020, the China-CEE trade volume exceeded US$100 billion for the first time, a growth of 8.4 percent over 2019. In the first four months of this year, China-CEE bilateral trade totaled US$40.71 billion, which was 47.9 percent higher than the same period in 2020.

On May 27, the 100 MW photovoltaic (PV) power plant project in Kauposzburg, Hungary’s largest PV power plant, was put into operation. The China National Machinery Import & Export Corporation (CMC), a subsidiary of China General Technology Group invested in and built the PV plant. After grid connection, It is expected to generate 130 million kWh of electricity annually.

The “China-CEE Energy Cooperation Report” that the China Electric Power Planning and Engineering Institute released shows that, as of September 2020, Chinese enterprises had invested more than 4 billion euros in wind power, photovoltaic and other fields in Central and Eastern Europe. The Chinese new energy vehicle, lithium battery and parts manufacturers have set up factories in CEE countries to integrate into the European new energy vehicle industry supply chain. Key energy cooperation projects such as the Dabar hydroelectric power station in Bosnia and Herzegovina and the Pancevo combined-cycle power station in Serbia are under construction.

Montenegro is the leader of those China-CEE countries in the environmental protection cooperation mechanism. The key projects that Chinese enterprises constructed in Montenegro include the Mozura wind power station and the first phase of eco-renovation of the Pljevlja Thermal Power Station.

Source: People’s Daily, July 8, 2021