WARSAW， June 20 (Xinhua) -- China and Poland should join hands to further substantiate and broaden pragmatic cooperation to bring bilateral relations to a higher level， visiting Chinese President Xi Jinping said here Monday.
Xi made the remarks when meeting with Polish Prime Minister Beata Szydlo during a state visit to Poland.
China and Poland should strengthen cooperation in various fields including transport， logistics and customs， and build a logistic center that could serve the Central and Eastern European(CEE) region， Xi said.
He called for Poland's deeper participation in the China-proposed Belt and Road Initiative by taking full advantage of the China-Europe freight trains， so as to enhance inter-connectivity between China and Poland as well as between China and other CEE countries.
Poland has been an important trade hub for millennia， both on the ancient Amber Road and the Belt and Road initiated by China. Many of the China-Europe freight trains launched in recent years， which have been brought under the family brand CHINA RAILWAY Express earlier this month， also pass through the country.
Hailing the traditional friendship between the two countries， Xi said that bilateral relations have been developing steadily since the establishment of diplomatic ties in 1949， and have turned to be highly vigorous over recent years.
China is willing to participate in Poland's railway network upgrade， port construction and industrial zone projects， and push forward the bilateral production-capacity cooperation， said Xi.
The president encouraged the expansion of two-way investment and financial cooperation and urged the two countries to increase bilateral trade based on the principles of win-win and mutual benefit.
He also called on the two sides to deepen cooperation at local levels， enhance exchanges between think tanks， universities and scholars， and strengthen exchanges and cooperation in tourism and winter sports.
Xi appreciated Poland's contribution in the China-CEE cooperation， adding that China stands ready to work together with Poland and other CEE countries to deepen cooperation in economy， trade， energy and finance， so as to foster practical and long-lasting China-CEE cooperation， a mechanism linking China's Belt and Road Initiative with the European economic rim.
Szydlo， for her part， said that the Polish government attaches great importance to Xi's state visit and is willing to deepen cooperation with China in the areas of economy， trade， investment， agriculture， transport and infrastructure.
Poland is fully supportive of and vigorously participating in the Belt and Road Initiative， she said， adding that it is in the interests of both countries and the wider regions they are in.
Xi arrived in Warsaw on Sunday for a state visit， the first by a Chinese head of state to Poland in 12 years.
On Monday， China and Poland agreed to upgrade bilateral ties to a comprehensive strategic partnership. The two countries established a strategic partnership in 2011.
Poland is the second leg of Xi's three-nation Eurasia tour. He visited Serbia， and is expected to travel to Uzbekistan for a state visit and to attend a summit of the Shanghai Cooperation Organization.
by CECILY LIU
BEIJING Customized New England Patriots Jersey , January 5 (Xinhuanet) -- Chinese financial institutions are making great strides in London, a place where they can compete and learn alongside the best of their respective industries in their internationalization process, says Maggie Zhao Cheap New England Patriots Jerseys , a partner in the London office of Clifford Chance LLP, a global law firm.
One of the prime movers in this process is the Chinese government's willingness to support liberalization of China's financial industry and the internationalization of Chinese banks and other financial institutions, Zhao says.
Another is the United Kingdom's open and welcoming attitude toward Chinese investment Jordan Matthews Patriots Jersey , she says.
"As China's financial services sector is maturing and internationalizing, there comes a time when Chinese financial institutions are ready to grow markedly and compete in international markets," Zhao says.
She says the internationalization of the renminbi and London's eagerness to remain as a leading offshore renminbi center have also created great opportunities for Chinese banks to facilitate renminbi trade and investment flows Jeremy Hill Patriots Jersey , and to develop new renminbi products there.
One key development is the granting of a branch license in London to Industrial and Commercial Bank of China this year. ICBC previously operated in the United Kingdom as a subsidiary, and had stricter capital requirements than those for a branch. With the new branch license, ICBC will now have greater lending and financing capacity there.
This is a milestone because in recent years the UK regulator has refused to let foreign banks open branches Cyrus Jones Patriots Jersey , which would have had lending and financing capacity proportional to the parent company's balance sheet.
Subsidiaries, in contrast, are subject to the strict capital requirements that apply to local banks in the UK. So in most cases the lending and financing capacity is proportional to the balance sheet of the subsidiary itself. Before ICBC Danny Etling Patriots Jersey , Bank of China was the only Chinese bank that had a branch license, which was granted in 1946.
The concerns expressed by Chinese lenders since 2012 on the issue caught the attention of the UK government, and those concerns were backed by the City of London.
Last year the Prudential Regulation Authority said foreign banks would be allowed to apply for a branch license Jordan Richards Patriots Jersey , although only for wholesale business. In September, ICBC received its branch license, and several other Chinese banks with subsidiaries in the UK have also applied for theirs.
Zhao says ICBC's achievement is encouraging for other Chinese banks and the whole industry Malcom Brown Patriots Jersey , but it also creates a new challenge because . Wholesale Jerseys Free Shipping Wholesale Jerseys Wholesale Custom Jerseys Wholesale Nike NBA Jerseys Wholesale Baseball Jerseys Wholesale NCAA College Jerseys Authentic Jerseys From China Adidas NHL Jerseys Online MLB Baseball Jerseys Cheap Authentic Jerseys Cheap