China is proposing set up of the Fund for projects in Europe

(Photo: Ti_ser/shutterstock.com)

In his addressing leaders of 16 CEE countries, at the summit in the Chinese town Suzhou, Li said the official Peking “is ready to cooperate with all parties with respect to researching options of set up of mutual (16+1) financial company which would support cooperation".

- We can provided financial assets for CEE countries in line with our needs. As long as these projects use Chinese products and Chinese equipment, China is ready to provide financial support at low costs – Li said.

According to him, the biggest Chinese bank. Industrial bank as well as Commercial Bank of China and Export-import bank will have the leading role in supporting loans.

As of today, Chinese town, Suzhou is hosting the summit of China and leaders of 16 CEE countries where delegation of Serbia is also participating headed by the prime minister Aleksandar Vucic.