3Power Energy Group Inc (PSPW)

[future123]

Promoting China-Central and Eastern European Cooperation

Guangming Net

2023-05-17 04:55

At present, energy conservation and emission reduction, renewable energy and clean energy, and ecological and environmental protection are becoming hot spots in China-CEEC cooperation. Chinese companies have made remarkable achievements in the development of hydropower, wind power, photovoltaics, biomass energy, geothermal and other fields in Central and Eastern Europe. The photovoltaic power station project in Poland, the Mozula wind power station in Montenegro, and the Pancevo combined cycle power station in Serbia have become demonstrations of green cooperation. China's new energy vehicle, battery, and component companies are gradually deploying in Central and Eastern European countries and integrating into the European new energy vehicle industry chain. The trade of green products has increased significantly in China-Central and Eastern European cooperation. The "China-Central and Eastern European Countries Cooperation Year of Green Development and Environmental Protection" activity launched in 2021 has played a supporting role in the green and low-carbon cooperation between the two parties.

Fourth, financial cooperation forms an effective guarantee. Central and Eastern European countries have a large funding gap, and financial integration is an important guarantee for cooperation between China and Central and Eastern Europe. At present, the China-Central and Eastern European Investment Cooperation Fund initiated by my country has been in operation for the second phase, ensuring the construction of key projects. At the same time, my country's policy banks and commercial banks adhere to the principle of marketization and actively provide project loans to Central and Eastern European countries with preferential buyer credit, especially focusing on green credit projects, and successfully assisted Poland and Hungary in issuing panda bonds. Chinese-funded banks have established branches in Poland, Hungary, Czech Republic, Serbia, Romania and other Central and Eastern European countries to provide effective follow-up services for Chinese enterprises going to Central and Eastern Europe. In addition, China has signed currency swap agreements with Hungary, Albania, Serbia and other countries, actively expanding the scope of RMB transaction settlement and financing, and promoting the internationalization of RMB.

https://baijiahao.baidu.com/s?id=1766094988715685326&wfr=spider&for=pc