Monday, 15 February 2021

China overtakes US to become EU's biggest trading partner

New chapter in the dispute between the powers, result reflects rise in European imports from China and EU exports to the Asian country


After suffering from the pandemic during the first quarter of 2020, the Chinese economy recovered vigorously and consumption at the end of the year exceeded its level of a year ago, boosting European sales, particularly of cars and luxury goods



EU trade with China totalled $586 billion





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