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The 16 + 1 Mechanism and One Belt One Road Initiative, New Channels of Promoting Sino-Czech Relations

Jiang Li ()
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Jiang Li: PhD, Senior researcher, Department of Central and Eastern European Studies Institute of Russian, Eastern European and Central Asian Studies Chinese Academy of Social Sciences

Global Economic Observer, 2017, vol. 5, issue 1

Abstract: The 16 + 1 mechanism and One Belt One Road initiative have played a prominent role in promoting economic and trade cooperation between China and Central and Eastern European Countries. Along with strengthening mutual political trust and improving economic and trade cooperation mechanisms between China and the Czech Republic, bilateral trade is continuously growing, while mutual investment is significantly expanding. The two countries are willing to explore the potential of economic complementarities and constantly promote cooperation in fields such as machinery manufacturing, energy, finance and infrastructure. Looking to the future, the present paper underlines that economic and trade cooperation between China and the Czech Republic will face some opportunities, but also some challenges

Keywords: China; Central and Eastern Europe; the Czech Republic; Economic and Trade Cooperation; the 16+1 Mechanism; One Belt One Road Initiative (search for similar items in EconPapers)
Date: 2017-06
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