China wants to deepen economic ties in 16 European nations


6 photos
Save Story
Leer en español

Estimated read time: 1-2 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BELGRADE, Serbia (AP) — China wants to boost its cooperation with central and eastern Europe, a Chinese government minister on Tuesday told officials from the region where China already finances projects as part of its bid for more global influence.

Transport Minister Li Xiaopeng told officials from 16 European countries at a meeting in Serbia that improving economic and other relations is based on "complementary advantage" for both China and region.

"The current international situation is pretty complex, and the facts of uncertainty have increased," Li said in remarks translated into English by an official interpreter. "China is willing and prepared together with the 16 countries of the region to further deepen our cooperation.

China's interest in central and eastern Europe is linked to the "New Silk Road" plan to increase Chinese influence abroad through investments and closer economic relations.

The initiative has sparked concerns in the European Union that subsidized Chinese companies would have a market advantage without reciprocal deals for European firms, which Beijing has rejected.

In Serbia, China-backed projects include building a fast-track railway between the capital of Belgrade and Hungary's Budapest.

Serbian President Aleksandar Vucic praised China's role, saying it had been "very useful" for his impoverished country.

"We would never have done it on our own had it not been for that positive pressure (from China) to build something, to bridge rivers, to build new roads," Vucic said.

The meeting in Belgrade also looked at ways to solve problems such as slow cross-border traffic, a statement issued by Serbia's government said.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast