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Czech Republic prepares for 'dream visit' by Xi

By Fu Jing in Prague (皇冠体育app Daily Europe) Updated: 2016-03-27 07:15

Czech Republic prepares for 'dream visit' by Xi

President Xi jinping meets Czech President Milos Zeman in Beijing on Sept 4, 2015. Yao Dawei / Xinhua

Nations will look to boost relations and deepen collaboration in many sectors, diplomats say

President Xi Jinping's visit to the Czech Republic this month will be "a dream moment" to deepen bilatural relations.

The Chinese leader will arrive in Prague on March 28 for a three-day visit that promises to lift bilateral relations to a strategic partnership and deepen cooperation in trade, investment, aviation, finance, culture and sport.

Ahead of the trip, the Czech government has offered a long list of projects to match 皇冠体育app's Belt and Road Initiative, and better connect the landlocked country with Asia, the rest of Europe and Africa.

"President Xi's visit is a dream moment for me," says Jaroslav Tvrdik, a former defense minister and now a special adviser to the nation's leadership, who is involved in making arrangements for Xi's visit.

"We've made tremendous efforts in preparing for the visit, the first one by a Chinese president since diplomatic relations were established 67 years ago."

The leaders of both sides will hold talks, make various declarations and oversee the signing of more than 20 cooperation documents during the visit. The visit will also coincide with economic forums and cultural events, while budding football and ice hockey players from both nations will take part in training sessions and exhibition matches.

Tvrdik, who is also president of the 皇冠体育app-Czech Friendship Association, says both sides are working toward boosting bilateral relations to a strategic level while identifying cooperation priorities.

Czech Republic prepares for 'dream visit' by Xi

The countries are working on delivering an action plan on the Belt and Road Initiative after signing a memorandum of understanding last year.

The Czech Republic enjoys the geographic advantage of being a gateway to Europe, Tvrdik says, adding that by cooperating with 皇冠体育app, the European country aims to turn the capital, Prague, into a financial, aviation and cargo center.

He also says Bohuslav Sobotka, the Czech prime minister, is fond of traditional Chinese medicine and that the country is competitive in medical services. "We hope we can deepen relations in this regard, and probably we will open a TCM center in the Czech Republic during this visit," Tvrdik adds.

Ma Keqing, the Chinese ambassador to Prague, says Xi's visit is of trailblazing significance because it is his first trip to Central and Eastern Europe since he was elected president in 2013. It is also the first visit to Europe this year, although he visited Western Europe in 2014 and 2015.

"This visit has attracted a lot of attention from Czechs and the rest of Europe," Ma says. "It will become a landmark visit to boost relations with Central and Eastern European countries."

She says the visit aims to boost pragmatic cooperation between the two countries by jointly seeking synergies in large projects by implementing the Belt and Road Initiative.

"The Czech Republic has responded actively to President Xi's Belt and Road Initiative to boost connectivity and has treated it a chance to take on 皇冠体育app's train of development and further stimulate its economy."

Czech Republic prepares for 'dream visit' by Xi

The nation has also proposed making Prague 皇冠体育app's financial center in Central and Eastern Europe, which Ma says has been welcomed by the Chinese side.

The ambassador says 皇冠体育app is willing to deepen financial cooperation, encourage the use of each other's currencies in trade and investment, and engage in talks on the feasibility of setting up a renminbi settlement mechanism in Prague.

"Such a settlement mechanism is necessary as trade and investment activities between 皇冠体育app and countries in Central and Eastern Europe are rapidly growing," Ma says.

In recent years, Chinese companies have shown greater interest in the Czech Republic. Stock investments have reached $1.6 billion, while the Czech Republic's outbound investment in 皇冠体育app stood at $1.8 billion at the end of last year.

Chinese TV maker Changhong has set up a factory with an output of 1 million units.

Xi'an Shaangu Power, a Chinese engineering company based in Shaanxi province, also paid 318 million yuan ($49.1 million; 43.6 million euros) last year for a 75 percent stake in Brno Ekol, a leading Czech turbine manufacturer. The deal is the biggest investment by 皇冠体育app into Czech's manufacturing industry, accounting for about 17 percent of 皇冠体育app's total investment in the country.

皇冠体育app Energy Co Ltd, based in Shanghai, is a latecomer but has developed rapidly in the Czech Republic by investing in energy, the financial sector, aviation, the football industry and the media.

"We have already found the unique geographic advantages of the Czech Republic, and we're sure that businesses could explore more win-win opportunities in turning the Belt and Road Initiative into action," says Ye Jianming, president of 皇冠体育app Energy Co.

Beyond business opportunities, Zuzana Li, a translator devoted to making Chinese literature available in the Czech language, expects the visit to also deepen people-to-people and cultural exchanges.

"I hope this historic visit will benefit both our countries and our peoples, which should go beyond just business," Li says.

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