By Jingjing Ning
China has long been known as the “world’s factory”, while Central and Eastern Europe has been called the “factory of Europe”. Will there be a new type of alignment between both factories? Or just as the old story said, the scene becomes chaotic as they cannot understand each other?
According to the latest statistics of Chinese Customs, the total trade amount of import and export between China and 16 CEE countries reached 67.98 billion US dollars in 2017, with the increase rate of 15.9% compared to the previous year. China’s exports amounted to 49.49 billion US dollars, with the increase rate of 13.1%, while imports amounted to 18.49 billion US dollars, with an increase rate of 24%.
The 16+1 format is a new form of international cooperation between China and CEE countries, and also between the Western and Eastern worlds. This initiative, raised by China, aimed at intensifying and expanding cooperation with 11 EU Member States and 5 Balkan countries (namely Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, the Republic of Northern Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, and Slovenia) in the fields of investments, transport, finance, science, education, and culture in 2012.
But 6 years have passed and the echoes from two sides are still strikingly different. From the Chinese government’s side, it was said that pragmatic cooperation has been expanding which brought benefits to the 17 countries. Economic and financial cooperation has steadily increased. On the other side, the European Union and Western European countries expressed concerns about this mechanism, and the Central and Eastern European countries (especially EU countries) considered that the achievement was limited. Continue reading “A Tower of Babel Between CEE Countries & China?”