China Signed Cooperation Deals to Provide Equipment for Railway Construction
Premier Li Keqiang was in Bucharest along with other representatives from Hungary and Serbia and has signed an agreement in the cooperation of building a railway between Serbia and Hungary. During a press conference these leaders hailed the railway project as the landmark for cooperation between eastern European countries and China.
These three countries will be creating work groups as soon as possible and will give detailed plans in the advancement of the projects with high quality to give passengers and cargo transporters all the necessity that they need. Li also said that He and his Romanian counterpart Victor Ponta will be cooperating with each other in construction high speed railway system in Romania as the country is planning to build a high speed railway system using Chinese technology.
Li boasted that China has the second largest railway network in the world with the longest mileage of high speed railway, furthermore Li pushed that the Chinese equipment that was used is part of the latest in global trends due to the low prices and high quality of materials.
By creating cooperation with these emerging markets, this Chinese equipment will improve infrastructure and at the same time reduce over capacity. By implementing such cooperation it will also be beneficial for the European Union and the world.