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
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.
Canton Fair Hosts Online Signing Events, Growing Global Cooperative Partnership Program
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GUANGZHOU, China, April 22, 2021 /PRNewswire/ The 129th China Import and Export Fair (Canton Fair) held virtual signing ceremony of its Global Cooperative Partnership Program. Chu Shijia, Vice President and Secretary General of the Canton Fair, Director General of China Foreign Trade Centre signed cooperation agreement with 4 new partners from Latin America including ICBC Foundation Argentina, Chinese Chamber of Commerce of Brazil (CCCB), Asia REPs in Chile and Colombian Chinese Chamber of Investment and Commerce.
Canton Fair Hosts Online Signing Events, Growing Global Cooperative Partnership Program
Canton Fair Hosts Online Signing Events, Growing Global Cooperative Partnership Program morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Published March 16, 2021, 4:12 PM Inspired by China’s prominent achievements amid the pandemic and heartened by the country’s new development blueprint, observers worldwide believe China’s resolution to achieve modernization through high-quality development will definitely promote world prosperity. China has avoided the “trap” of a dilemma between safeguarding health and beefing up the economy, and its strategy “has resulted in overcoming the health crisis inside China and at the same time protecting its economy.” China has always put the people first during its development, increasing their benefits, ensuring that the people are their own masters and supporting development in an all-round way.