Trade vibes are high! The economic and trade ties between the Chinese mainland and Central and Eastern European Countries (CEEC) are on the rise, showing steady growth and impressive numbers. 🚀 Since 2012, trade has grown at an average annual rate of 8.8%, while imports increased by 7.4%—outpacing overall foreign trade growth.
In 2024, the partnership hit a record high with $142.3 billion in trade, and investments have already surpassed $24 billion. A new twist? Chinese enterprises in electric vehicles and power batteries are ramping up their presence in the CEEC, sparking fresh opportunities in high-tech and sustainable industries.
Looking forward, brighter days are on the horizon. With the introduction of new economic and trade platforms and higher-level opening-up initiatives, the cooperation is set to deepen. The upcoming 4th China-CEEC Expo & International Consumer Goods Fair in Ningbo (May 22-25) is expected to be a key platform. It will showcase unique products from the CEEC and boost mutual investment, illustrating a dynamic exchange that's as exciting as it sounds. 🌏
For young professionals and tech enthusiasts, these developments not only signal robust economic growth but also present a chance to witness and engage with innovative global trends firsthand. Stay tuned, because the future of international trade is shaping up to be a thrilling ride!
Reference(s):
China-CEEC cooperation sees important opportunities: commerce ministry
cgtn.com
