China's Dominance

Europe trip seen as key for constructive economic cooperation, multilateral ties

Main image to the post Europe trip seen as key for constructive economic cooperation, multilateral ties

President Xi Jinping's recent state visits to France, Serbia, and Hungary have garnered significant praise from foreign experts for their focus on constructive economic cooperation and the enhancement of bilateral and multilateral ties. The visits were particularly highlighted for their fruitful outcomes, such as the issuance of joint statements with French President Emmanuel Macron, the announcement of a China-Serbia community with Serbian President Aleksandar Vucic, and the elevation of bilateral relations with Hungarian Prime Minister Viktor Orban to a comprehensive strategic partnership.

The visit to Europe by President Xi, the first in five years, was perceived as pivotal by experts for fostering economic collaboration and strengthening relationships between China and the countries visited. Among those lauding the outcomes was Jack Midgley, principal of global consultancy Midgley & Co, who emphasized the substantial achievements made during the visits and their potential for stimulating economic development and employment opportunities. Midgley urged a focus on engagement with China based on mutual interest separate from the influence of other major powers.

A key aspect mentioned by experts like Jelena Grubor Stefanovic, director of the Serbian Chamber of Commerce and Industry's representative office in China, was the boost to economic relations and trade resulting from President Xi's historic visits. Stefanovic highlighted the anticipation surrounding the free-trade agreement announced during Xi's visit to Serbia, noting its significance for enhancing bilateral economic cooperation and creating new prospects for the Serbian economy. Another expert, Ivona Ladjevac from the Institute of International Politics and Economics in Belgrade, stressed the broader geopolitical implications of Xi's visit to Serbia, underscoring the country's alignment with China's global initiatives promoting principles like world peace and common security.

Furthermore, Gyula Thurmer, president of the Hungarian Workers' Party, emphasized China's cooperative stance with the world, praising its economic achievements and highlighting the non-imposing nature of its solutions on other countries. Thurmer also underscored the potential for Hungary to benefit from strengthening financial relations with China, as noted by Hungarian Finance Minister Mihaly Varga. The international perspective was also considered, with Andrey Karneev from the National Research University Higher School of Economics in Moscow valuing Xi's efforts to advocate for an internationally recognized peace conference involving Russia, Ukraine, and other parties for equitable discussions on peace plans.

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May 21, 2023 | 05:09