2021-03-06 12:10:56 GMT2021-03-06 20:10:56(Beijing Time) Xinhua English
BEIJING, March 6 (Xinhua) Steady trade relations with China have boosted the economies of many countries as they are trying to pursue a rapid recovery from the COVID-19 pandemic.
According to the latest official data, as China s consumption demand continues to increase thanks to its ongoing high-level opening-up and economic rebound from COVID-19, many of the world s major economies have reported positive growth in exports to China against the backdrop of slowed global trade.
Despite a decrease of 9.4 percent in exports of goods in 2020, the European Union (EU) saw its exports to China grow by 2.2 percent year-on-year, according to Eurostat, the statistical office of the bloc.
More European companies are benefiting from the fast recovery of the Chinese market and China has been playing its part in supporting the European Union (EU) economy to get back on track, a German expert told Xinhua on Wednesday. “China can play a quite important role. European companies, especially from the automotive industry and luxury .
Many companies in the European Union (EU) and China were pleased to see EU-China bilateral trade boom in 2020 a year that was marred by lockdowns and industrial disruptions due to the restrictive measures put in place to curb the spread of COVID-19.
10, the United Nations Conference on Trade and Development (UNCTAD) said in its quarterly "Global Trade Update" that global trade in 2020 tumbled by about nine percent from a year ago."China is a booming economy in the world, and it s in the interest of the EU and the EU companies to have close trade relations with China."