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China, EU to keep strengthening ties in financial services sector China and the European Union have consistently strengthened their relationship across the financial services sector since the 2008-09 global financial crisis, according to a new study, and experts believe this trend will continue to accelerate in the post-pandemic era, despite the political strains between the two powerhouses. A joint study conducted by the Luxembourg for Finance center and PwC Luxembourg found that Chinese investment in Europe escalated from 6.1 billion euros ($7.42 billion) in 2010 to 79 billion euros in 2018, with financial services representing the second-largest investment sector. The volume of European Union foreign direct investment in China still far exceeds China’s investment in Europe, growing at a compound annual growth rate of 6.7 percent since 2002, reaching 189.4 billion euros in 2018, with a notable increase in the EU’s FDI in China’s financial and insurance sector, according to

United statesChris ruddNicolas mackelBernard dewitDariush yazdaniMarket research centre at pwc luxembourgEuropean unionAustralia james cook universityEuropean parliamentChina dailyChinese chamberPwc luxembourgResearch centreBelgian chinese chamberJames cook universityBerlin wall