China is now EU's biggest trading partner; overtakes US


In the first seven months of 2020, China surpassed the United States to become the biggest trading partner of the European Union (EU), said Eurostat, the EU's statistics organisation. - Xinhua

BRUSSELS, Oct 5 (Xinhua): In the first seven months of 2020, China surpassed the United States to become the biggest trading partner of the European Union (EU), said Eurostat, the EU's statistics organisation.

While European companies have placed much confidence in the market of China, a country that has been continuously opening up and has become the only major economy projected by the World Bank to achieve positive growth this year, Chinese businesses have voiced their concerns over the overall business environment in the EU affected by the Covid-19 pandemic.

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