国内英语资讯:Chinese premier calls for advancing China-CEEC 16+1 cooperation_时事

国内英语资讯:Chinese premier calls for advancing China-CEEC 16+1 cooperation

The Chinese premier urged the two sides to expand financing channels to support China-CEEC cooperation.

In the speech, Li announced the establishment of China-CEEC Inter-Bank Association and the second phase of China-Central and Eastern Europe Investment Cooperation Fund.

The China Development Bank will provide an equivalent amount of 2 billion euros (2.4 billion U.S. dollars) as development-oriented financial cooperation loans for the inter-bank association, Li said.

Meanwhile, the Chinese premier said the second phase of the investment cooperation fund that totaled 1 billion dollars will be mainly invested in Central and Eastern Europe.

China supports commercial and development financial institutions to provide finance for bilateral cooperation projects and supports the two sides to conduct renminbi-denominated financing business for their cooperation projects, Li said.

China's economy has been transformed from a phase of high-speed growth to high-quality development, and this will surely create opportunities for all countries in the world including the CEEC in terms of bigger market, stronger growth, more investment and cooperation, Li said.

On his part, Hungarian Prime Minister Viktor Orban said 16+1 cooperation has covered economy and trade, connectivity and people-to-people exchanges in the past five years, which not only benefited the CEEC's development, but also became an effective mechanism and integral part of Europe-China mutually beneficial and win-win cooperation.