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This year is crucial for both China and Europe. The former needs torealize its economic transformation and steady development, and thelatter has to deal with the sovereign debt crisis. Closer trade andeconomic ties will help both sides to fulfill their tasks moreeasily. From April 20 to 27, Chinese Premier Wen Jiabao visited Iceland,Sweden and Poland, while attending the Hannover Messe 2012 inGermany. Experts believed that this is an important trip for Chinaand Europe to boost their trade and economic cooperation. Andcooperation on green economy will be a hotspot of futurecooperation. Business cooperation Last year, many EU members, like Iceland, Spain, Portugal, Greeceand Italy, were stuck in the sovereign debt swamp. Now the crisisis still far from over. Experts said both China and Europe haverealized that enhancing practical cooperation is a reliable way toovercome the crisis. Feng Zhongping, Director of the Institute of European Studies atthe China Institutes of Contemporary International Relations(CICIR), said that thanks to EU members' joint efforts ofstrengthening fiscal discipline, the euro zone has passed the keyperiod of the first quarter of 2012, and market confidence hasrecovered. But the crisis is still hovering over the continent. "There is some pessimistic tone about Europe and the euro zone.Some even predict that the EU will fall apart. In spite of Europe'sactual difficulties, we still trust that Europe will get past thecrisis, and the EU will maintain its important influence on worldevents," Feng said. "We are willing to strengthen the Sino-EUcomprehensive strategic partnership." Wen said in a speech at the Hannover Messe 2012 that the financialcrisis is still going on. He suggested putting more resources tospur the development of the real economy, and create an environmentconducive to job creation and the development of the real economy.He also urged efforts to vigorously push for innovation-basedgrowth while calling for openness and cooperation. Shen Jiru, a researcher with the Institute of World Economics andPolitics under the Chinese Academy of Social Sciences (CASS), said,"It is still uncertain whether or not the domino effect of the debtcrisis will occur in the EU, which is of a similar size to the U.S.economy." He warned that European nations face a stronger challengethan the United States, because EU nations' sovereign debts areowed to banks of other countries, while the United States canactually transfer its financial crisis to other nations byreleasing more dollars. He said that since China and the EU have established a closeeconomic and trade relationship, the EU debt crisis will definitelyinfluence China. "Premier Wen's recent trip is also based on thetarget of coping with the challenge together by strengthening theircomplementary cooperation," said Shen. According to statistics fromChinese Customs, the Sino-EU trade volume reached $567.21 billionin 2011, increasing 18.3 percent from the year before. Now the EUis China's biggest trade partner and importer. The EU is also an important investment market and technologyexporter to China. Professor Zhao Huaipu with China Foreign AffairsUniversity said that strengthened cooperation will help Europe getthrough the current financial crisis, and China can urge Europe toopen its market to China, recognize China's market economy status,and expand hi-tech exports to China so as to promote investment. The e-commerce company in China offers quality products such as China Silicone Cake Mould , China Silicone Rubber Bands, and more. For more , please visit Silicone Baking Mat today!
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