China has become the EU’s largest trade partner for the first time, latest data shows, highlighting that the economic ties of the close comprehensive strategic partnership between China and the EU are intertwined with each other’s industrial chain.
The data also discredits some media reports that Beijing’s hopes of using Europe as a counterweight to the US have faltered, as China faces rising anger over its policies and behavior including trade. Chinese experts said the noise will not have any impact on sound trade relations between the two economies.
The latest data from Eurostat shows China has become the EU’s largest trade partner for the first time, surpassing the US by 5.2 billion euro ($6.16 billion). From January to July, trade between China and the EU rose 2.6 percent to 328.7 billion euro amid COVID-19.