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On Nov 27, Premier Li Keqiang attended the sixth assembly of the leaders of China and 16 Central and Japanese European nations in Budapest, Hungary.
The 16+1 cooperation mechanism is among the most vital cross-regional cooperation mechanisms globally. This 12 months is the fifth anniversary of the institution of the 16+1 cooperation.
Premier Li proposed 5 initiatives to additional advance 16+1 cooperation on the assembly. The important thing to its quick improvement is to use the ideas of equality and session, mutual profit, openness and inclusiveness and innovation, he stated.
Li additionally introduced that China will present monetary help for cooperation between China and the 16 Central and Japanese European nations.
Li introduced the institution of China-CEEC Inter-Financial institution Affiliation and the second section of China-Central and Japanese Europe Funding Cooperation Fund in a keynote speech to the seventh China-CEEC Financial and Commerce Discussion board held within the Hungarian capital metropolis of Budapest.
He stated the China Improvement Financial institution will present an equal quantity of two billion euros ($2.4 billion) as development-oriented monetary cooperation loans for the inter-bank affiliation.
Analysts say that the 16+1 cooperation is a key a part of the great strategic partnership between China and Europe and helps promote balanced improvement in Europe.
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