The latest analytical publication of the EESC – China review 2022-3.
10 years ago, on 26 April 2012, the first summit between China and 16 CEE (Central and Eastern European) countries took place in Warsaw, launching the “16 + 1” format for China’s cooperation with the region. The permament secretariat of the format was established at the Chinese Ministry of Foreign Affairs. At the meeting, the then Prime Minister of China Wen Jiabao presented the document “China’s Twelve Measures for Promoting Friendly Cooperation with Central and Eastern European Countries”1. The statement was received with great positivity and enthusiasm. The economic aspect of the statement was very encouraging and consisted of the following plans:
- creating a special USD 10 billion credit line for soft loans for cooperation projects in the fields of infrastructure, high technology and the green economy;
- promoting active cooperation to increase total trade turnover by USD 100 billion by 2015;
- Establishment of a China-CEE Investment Fund with plans to raise USD 500 million in the first phase.
Raigirdas Boruta is an associate expert in the EESC China Research Program, a doctoral student at the VU Institute of International Rela- tions and Political Science. He holds a Bachelor’s degree in Asia-Pacific Studies (Chinese) from the University of Central Lancashire (UK). In 2020 he completed a Master’s degree in International Relations at Sichuan University (China).