China Vows to Rebuild and Strengthen Trade Ties with Bulgaria

China Vows to Rebuild and Strengthen Trade Ties with Bulgaria

Premier Zhu Rongji yesterday vowed to rebuild and strengthen trade ties with Bulgaria, an ex-communist ally which is now, like China, rapidly transforming its economy to embrace the West.
In the first trip to Sofia by a Chinese government leader since the collapse of communism in Europe in 1989, Mr Zhu announced another 10 million dollars in credit and measures to boost trade ties between the two countries.
He explained why he had chosen Bulgaria, an impoverished Balkan country, to begin a European tour which will take him to six countries over two weeks. 'Our economic co-operation has a long tradition,' he said, noting that Bulgaria was the second country to recognise the People's Republic of China, in 1949.

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