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January 31, 2023

Ungureanu-Wen Jiabao meeting focused on agriculture, IT, energy

The Romanian delegation to the economic forum ‘Poland-Central Europe-China’ came with a list that included concrete proposals for the Chinese side, as well as strategic directions of investment. The Chinese Premier announced a USD 10 billion special credit line for central and Eastern Europe to support cooperation projects mainly in infrastructure sector.

Chinese entrepreneurs are interested to invest in Romanian agriculture, IT, infrastructure and energy projects, Prime Minister Mihai Razvan Ungureanu was informed in a meeting held yesterday with his Chinese counterpart Wen Jiabao, Mediafax reports. The meeting took place in Warsaw, where PM Ungureanu attended a meeting between the prime ministers of central and eastern European countries and Chinese Premier Wen Jiabao, on the occasion of the Economic Forum ‘Poland-Central Europe-China.’ Ungureanu also was due to meet Polish PM Donald Tusk, and the Marshal of the Polish Sejm, Ewa Kopacz. The Romanian delegation also included the minister of Foreign Affairs, Cristian Diaconescu. “The talks focused on the economic opportunities which the two countries can provide. The Romanian side came with a list that includes concrete proposals for the Chinese side, as well as strategic directions of investment. We must also notice the openness of the Chinese side to analyse these proposals and then share them with the special departments. At the same time, there is an accepted proposal about the Chinese side coming with a financing mechanism for various projects developed under Romanian-Chinese partnership,” governmental spokesman Dan Suciu said.According to the source, Romanian officials hope to restore the trade balance with China and develop the cultural tourism relations, to identify new opportunities for Romanian students in China and open the Romanian market for everything implied by Chinese investments.

In an economic conference organised in Bucharest at the beginning of April, Premier Ungureanu said that Romania wants to develop the economic relations with China, after the growth rate of Romanian exports outpaced that of imports from the Asian country. The bilateral relations between Romania and China advanced in 2011, with exports increasing by 36.27 pc and imports by 8.24 pc against 2010, while the total value of commercial exchanges reached USD 4.2 bln.

Analysts: Cash-laden Chinese – eager to capitalise region’s stability

Chinese Premier Wen Jiabao, on his first visit to Poland in more than two decades, announced also at the economic forum in Warsaw a USD 10 billion special credit line for central and Eastern Europe to support cooperation projects mainly in the ex-communist region’s infrastructure sector, high and new technologies and green economy, Xinhua agency informs. The Chinese leader, who is winding up a four-nation European tour with earlier stops in Iceland, Germany and Sweden, also announced plans for a USD 500 M fund to help Chinese business ventures in the region. Analysts in Warsaw say the cash-laden Chinese are eager to capitalise the region’s stability, growth and competitive prices to gain “perfect access to the West European market” – still Beijing’s top export destination. Pointing out that China’s two-way trade with central and Eastern Europe “rose from only USD 4.3 bn in 2001 to USD 52.9 bn in 2011, growing at an average annual rate of 27.6 percent,” Wen said Beijing wanted to see bilateral trade to reaching USD 100 billion by 2015. Thursday’s trade forum gathered three hundred Chinese firms and 450 companies from across the region in Warsaw. The global economic situation has been getting better so far this year, but the recovery is still fragile, China’s Prime Minister also said.

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