Cooperation between China and Central and Eastern European Countries
Coal-powered plants, mobile networks, major bridges, roads and railways: Chinese investments have been booming throughout Central and Eastern Europe's cash-strapped developing countries, even as European Union officials scramble to counter Beijing's mounting economic and political influence on the continent.
Reduced trade with Turkey and Russia reported by Bulgarian Chamber of Commerce and Industry.
Germany is Bulgaria's largest and most important trading partner, and more than 43% of the companies in Bulgaria designate the country as an object of economic cooperation. This shows the results of a survey of the Bulgarian Chamber of Commerce and Industry (BCCI).
Participants in the summit issued the Sofia Guidelines for Cooperation between China and CEE with "Deepening open and pragmatic cooperation for inclusive prosperity" as its theme. They stressed that the 16+1 Cooperation constitutes an important part of and a positive complementary to the relationship between China and the EU: