The Businesspeople Forum of the China- South Central and Eastern Europe (ECE) was overflowing with optimism yesterday, leaving the impression that we would soon be swarmed with Chinese investments. Full of good intentions, the Chinese are very slow to move forward when it comes to beginning a new project, as they go through a period of adaptation to the rules according to the "European game".
Starting about two years ago, China is offering a line of credit of 10 billion Euros to the ECE region, and the Europeans haven't done a very good job of spending it. So for now, we are just swamped with a mountain of pompous sounding papers, which are meant to send positive signals for the trade relations between the two countries.
So yesterday's forum was an amazing feat, in terms of the image of Chinese and Romanian officials. "Romania will become a European tiger, and if all the tigers in Eastern and Central Europe will get together and cooperate, a huge market will develop", Chinese prime minister, Li Keqiang, said, in an attempt to artistically describe the potential for development of the trade relations between China and the countries in the region.
Prime Minister Victor Ponta said that his clear message was that the People's Republic of China and Central and Eastern Europe will be implemented in practice in the near future.
The Chinese prime-minister said: "China is ready to comply with all of the European regulations in the area of investments and public acquisitions, as well as in the area of financing. I hope that the line of financing of 10 billion dollars extended to Eastern and Central Europe will be spent as soon as possible. This amount can be supplemented if the investment budgets will be implemented quickly. China is encouraging its financial institutions to open representative offices and branches in Central and Eastern Europe to supp