国内英语资讯:Spotlight: Lis Bulgaria trip promotes China-Europe ties, safeguards free trade_时事

国内英语资讯:Spotlight: Lis Bulgaria trip promotes China-Europe ties, safeguards free trade

Talking about cooperation between China and the CEECs, he said it is based on openness, consultation on an equal footing, mutual benefit and win-win outcomes.

Participants in the China-CEEC summit said they are committed to promoting mutually beneficial cooperation, building an open world economy, and making economic globalization more dynamic, inclusive and sustainable.

Commenting on the Chinese premier's call to oppose protectionism, Latchezar Dinev, chairman of the Bulgaria-China Chamber of Commerce and Industry, said countries should remember the lesson from the Great Depression in the 1930s, which arose from protectionist tariffs.

He stressed that trade relations between countries take years to build, but only months to break. "If their relations or supply chains are broken, to recover that is very difficult," he said.

BOOST CHINA-EUROPE TIES

After six years of development, the 16+1 cooperation mechanism has evolved into a practical and beneficial cross-regional cooperation platform with fast-growing economic and trade links among its participants.

During the period, the trade volume between China and the CEECs grew to almost 70 billion U.S. dollars from 40 billion dollars, with an average annual growth of 6.5 percent. The two sides have also seen steady growth of two-way investment.

Addressing the eighth China-CEEC business forum, Li said 16+1 cooperation is an important part of and useful complement to China-EU cooperation, and it not only facilitates the development of the two sides, but also helps narrow the gaps within the EU and advance European integration.