BEIJING — As Premier Li Keqiang’s meeting with leaders from 16 Central and Eastern European (CEE) countries is forthcoming in Sofia, Bulgaria, it is an opportune moment for stocktaking of the 16+1 cooperation.
Delving into its outcomes, it’s only too obvious that the 16+1 cooperation, a platform jointly launched by China and CEE countries in 2012, has brought about tangible benefits for Europe.
First and foremost, trade relations between China and CEE countries, which include 11 member states of the European Union (EU), are deepening at full tilt.
According to data from Chinese customs, trade volume between the two sides in 2017 amounted to $67.98 billion, up 15.9 percent on a year-on-year basis.
The pace is slightly faster than that between China and the EU, which rose 15.5 percent in 2017. It also outperformed the overall growth rate of China’s overseas trade, which was 14.2 percent.
The data make it crystal clear that at a time when Europe is on a bumpy road to economic recovery, 16+1 cooperation is playing a positive role.
Another merit of the mechanism is that it nurtures close interconnectivity across the vast landmass of Eurasia.
CEE countries, located at the heart of Eurasia, are important transit points. On the back of the 16+1 cooperation as well as the Belt and Road Initiative, interconnectivity between China and Europe has developed remarkably.
China-Europe freight trains have taken the lead in this respect. According to data from the China Railway Corporation, as of mid-April in 2018, a total of 7,891 freight trains have traveled between China and Europe.
The rail network has linked 43 Chinese cities with 42 European ones in 14 countries. Furthermore, the China-Europe freight transportation is becoming more balanced and sustainable, as trains returning from Europe are loaded with more diverse and top-line goods.
Another eye-catching advantage of the 16+1 cooperation mechanism lies in the mutually beneficial partnership.