China’s economic engagement with Central and Eastern European Countries (CEEC) continues to gain momentum, as officials and business leaders gathered at the 4th China-CEEC Expo in Ningbo, Zhejiang Province, to promote stronger trade, innovation, and investment cooperation. The event, running until Sunday, is spotlighting CEEC signature products, boosting two-way investment, and reinforcing collaboration under the Belt and Road Initiative.
Slovenia, the Guest of Honor, led by State Secretary Matevz Frangez, brought 25 companies from sectors like high-tech, tourism, and food. Frangez emphasized opportunities in port logistics, pharmaceuticals, and sports, while reiterating Slovenia’s support for reforming global trade rules. Slovakia’s National Council Chairman Richard Rasi expressed a desire to expand the country’s exports to China, especially from SMEs.
China-CEEC trade reached $142.3 billion in 2024, a 6.3% year-on-year rise, surpassing China’s overall trade growth. From January to April 2025, bilateral trade climbed 5.6% to 329.68 billion yuan ($45.76 billion). China primarily exports machinery, electronics, textiles, and vehicles to CEEC, while importing agricultural goods, medical equipment, and raw materials.
This year’s expo spans 80,000 square meters, featuring the new “Smart CEEC” section, showcasing nearly 100 technologies, including AI and robotics. CEEC countries presented innovations such as light aircraft from Austria and medical devices from Slovakia. Lin Meng of CAITEC noted both sides’ strengths in infrastructure, agriculture, and e-commerce.
Chinese investment in CEEC topped $24 billion by May 2025. Vice Commerce Minister Yan Dong highlighted growing investment in EV and battery sectors. BYD recently established its European HQ in Hungary, aiming to create over 1,000 jobs and collaborate with local universities and suppliers.
Ningbo Ruyi, a forklift manufacturer, saw CEEC exports surge 28.6% year-on-year. Its lithium-powered forklifts now make up 60% of regional orders, aided by innovations for cold climates. Ningbo’s exports to CEEC reached 16.07 billion yuan in the first four months of 2025.
Officials emphasized that China’s high-standard opening-up and Belt and Road connectivity—including over 30 direct air routes—are making CEEC key players in future trade and economic collaboration.
Related Posts
