How Chinese companies play a vital role in bolstering China-Europe economic ties

Prosperous cooperation

Chinese companies in Europe believe that China and the EU, as two major global economies, have enormous cooperation potential in the post-pandemic era.

The two sides can not only strengthen economic and trade cooperation, and stimulate the recovery of the world economy, but also have great potential in developing low-carbon economy and digital technology, especially after the approval of the investment agreement.

"Presently, cooperation and partnership are more crucial than ever. BYD hopes more cooperation opportunities will come and the win-win partnership could promote the development between industries," said Ho, adding this year BYD will bring new e-trucks to the European market.

Cooperation outweighs confrontation, and the landmark agreement on geographical indications between China and the EU shows that cooperation would eventually bring benefits to trade, producers and consumers of both sides, Xu said.

In Hungary, Chinese tech giant Lenovo Group is building a manufacturing facility, which would create 1,000 jobs and introduce advanced technology.

As sales of new energy vehicles continue to grow in Europe, Chinese electric carmaker NIO has announced its entry into the European market for the second half of 2021.

"Once NIO begins its car sales in Europe, it will expand its investment in Europe and need more partners to form after-sales service," Zhang Hui, vice-president of NIO Europe, told Xinhua.

"It is foreseeable that there is big room for more cooperation with local partners," he added.

In Serbia, the CRBC will begin to build communal infrastructure for the disposal of municipal wastewater and solid waste, which is expected to help permanently solve a decades-old problems in the country and protect the local environment.