The private Czech train and bus operator Leo Express is set to deploy new trains, manufactured by the Chinese company CRRC, the Czech News Agency reported on Wednesday. The new Sirius train units should start operating next year. The total value of the investment, which includes the delivery of three units and an option for 30 more, exceeds five billion crowns.
Ahead of the 30th anniversary of China’s crackdown on peaceful pro-democracy demonstrators in Tiananmen Square, Radio Prague spoke to Filip Jirouš, coordinator the China-watching think tank Sinopsis, about the politics behind some of the more controversial aspects of business dealings between the countries. A harsh critic of China’s sweeping Belt and Road Initiative, to which the Czech Republic has signed on, and the main Chinese investment vehicle here, CEFC, he further argues allowing Huawei to roll out the 5G network would be a disaster.
President Miloš Zeman, who is on a four-day working visit to China, is to
attend the opening ceremony of the second Belt and Road Forum in Beijing on
The forum is attended by dozens of foreign leaders including Russian President Putin who is due to address the forum immediately after the Chinese president. President Zeman is due to present his address on Saturday.
On Friday the Czech head of state will be meeting with Czech and Chinese entrepreneurs and attend the signing of agreements on bilateral cooperation in the spheres of energy, aviation and hockey.
President Miloš Zeman is in China for another working visit, along with a trade delegation hoping to carve out slices of the world’s biggest market. Topping his public agenda is the “Belt and Road” summit on Beijing’s trillion-dollar project to boost trade and build infrastructure across Asia, Europe and Africa. In private, though, President Zeman’s talks are likely to centre on the low level of actual Chinese investment after five years of fanfare.
On a three-day business-oriented visit to China, Czech President Miloš Zeman personally promoted Czech products at the China International Import Expo fair, slammed protectionist measures by the US and called on entrepreneurs to show courage in winning new trade deals. Meanwhile, Czech Foreign Minister Tomáš Petříček opened a new chapter in Czech-Chinese dialogue: human rights issues.
Czech President Miloš Zeman, who is on a three day official visit to
China, on Monday met with Chinese President Xi Jinping for talks dominated
by business. They discussed China’s new Silk Road project which is to
reopen trade channels between China, the Middle East and Europe. The Czech
head of state, who is leading a large business delegation to China, said he
would like to see at least one branch of the new Silk Road lead thorough
the Czech Republic. The $900 billion scheme will involve huge investments
into infrastructure in the regions through which it will pass.
President Zeman on Monday attended the opening of the China International Import Expo, guiding his Chinese counterpart Xi Jinping through the Czech pavilion. Among the many Czech firms presented at the trade fare are the Moser glassworks, Petrof piano manufacturer and Tatra truck maker. Škoda Auto, which is already well-established on the Chinese market is presenting its new model Kodiaq GT coupe-SUV, which is to be sold exclusively in China.
Czech president Miloš Zeman leaves for an official visit of China on
Saturday. The Czech head of state will be received by his Chinese
counterpart Xi Jinping in Shanghai on Monday.
The Czech delegation, made up of some 70 business representatives and four ministers, including Foreign Minister Tomáš Petříček, will attend China International Import Expo, an international trade fair focused on imports into the world’s most populous state.
Mr. Zeman has visited Beijing in the past and also hosted the Chinese president in Prague.
The Chinese Investment Forum, expected to draw more than 500 guests from 14
countries, gets under way at Prague Castle on Tuesday. Following the
opening ceremony will be a full day of panel discussions featuring
politicians, economists and business executives.
President Miloš Zeman is expected to take part in the gala evening, alongside the chairman of Chinese conglomerate CITIC. The forum cooperates with the so-called 16 + 1 format comprised of Central and Eastern Europe countries and China.
Zeman’ chancellor, Vratislav Mynář, earlier said the forum would be attended by some 250 guests from China, up to 150 guests from CEE countries and roughly 100 guests from the Czech Republic.
After some high-profile failed or lacklustre Chinese investments in the Czech Republic, organisers said they aim to make the forum more business-oriented and result driven.
Prague Castle will host a Chinese Investment Forum from October 15 -17.
The president’s chancellor, Vratislav Mynář, told the CTK news agency the forum will be attended by some 250 guests from China, up to 150 guests from CEE countries and roughly 100 guests from the Czech Republic.
Mynář said President Zeman would be attending Tuesday’s gala evening.
After Chinese investments in the Czech Republic failed to meet expectations, the aim of the organizers is to make the forum more business-oriented and result driven.