China and the Central and Eastern European countries (CEEC) have witnessed fruitful and flourish cooperation on areas including interconnection, finance, agriculture and culture since the establishment of China-CEEC mechanism, also known as the 16+1 mechanism.
China's "One Belt One Road (OBOR)" initiative was linked to European investment plan via CEEC, which also bond the exchanges and cooperation between Asia and Europe. On the other hand, the initiative also helps promote the two regions' cooperation.
CHINA-ROMANIA: ENERGY COOPERATION FLOURISH
China and Romania have witnessed solid development of their economic cooperation since the"16 plus 1 cooperation" mechanism was established. Meanwhile, the initiative helps inject vigor into their coordination particularly in energy section.
The two sides have struck an agreement to jointly construct the units 3 and 4 of the Cernavoda nuclear power plant last year. Once the units are built, the plant will manage to cover nearly 40 percent of Romania's national electric generating capacity.
The agreement, worth up to seven billion euros, stands not only as the most significant project between China and Romania but also the landmark program between China and CEEC.
The construction and operation of the two new units will greatly improve Romanian energy supply situation, help the country to become an important energy producer in the region and making contribution to the energy independence of Romania or even the European Union, according to Romanian energy ministry.
At the same time, the project will provide huge orders for the country's industry and boost its economic growth, the ministry said.
China and Romania are speeding up their cooperation, conducting negotiations on projects including nuclear, heat-engine, hydroelectricity, highways, which worth to several billion euros, according to the Romanian side.
Romania will work to implement series of cooperation projects with China on energy, infrastructure and digital technology, said Costin Borc, Romanian vice prime minister and minister of economy, commerce and relations with the business environment.
CHINA-POLAND: HISTORIC AND CURRENT COOPERATION BOOSTED
Poland is a vital stop on the roadmap of the OBOR initiative as the country sits at the crossroad of Europe and enjoyed the sound advantage in geography.
China and Poland, together in 1951, invested the Chinese-Polish Joint Stock Shipping Company, the first sino-foreign joint venture since the year of 1949 when China was established. The company has gained rapid development and made record profits over the past 15 years. Currently, its operating area covers east and south Asia, Mideast, which are within the targeted areas of the OBOR initiative.
