ANALYSIS OF CHINA'S TRADE RELATIONS WITH CEEC

Abstract

This paper provides an analysis of China's trade relations with Central and Eastern European Countries (CEEC), with a focus on Bosnia and Herzegovina (BIH), Bulgaria (BGR), Croatia (HRV), Romania (ROU), Serbia (SRB), and Slovenia (SVN). It underscores the fundamental principles of international trade and the reciprocal advantages arising from collaboration between China and these CEEC nations. The analysis explores economic indicators, including GDP, current account balance, merchandise exports and imports, and agricultural product trade. Additionally, the paper highlights the stable economic conditions in China, characterized by consistent interest rates and minimal consumer price index fluctuations. Building on the stable economic conditions in China, the paper emphasizes the potential for win-win collaboration without currency risk. It proposes a strategic partnership involving the supply of advanced financed machinery from China to CEEC nations in exchange for fixed quantities of crops. The objective is to cultivate mutual economic and technological growth within a dependable and predictable trade environment.