The scale of bilateral trade and investment between China and the European Union has grown rapidly despite the COVID-19 pandemic. The EU should continue to stand firm on trade liberalization and multilateralism, thus boosting the confidence of foreign enterprises to continue to invest in the bloc, experts said on Monday.
Although the global economy is seeing a slow recovery due to the pandemic headwinds, China-EU business ties have been more enhanced than before. China has become the largest trade partner of the EU, and the EU the second-largest for China.
From last January to September, China’s direct investment in the EU reached $4.99 billion, growing 54 percent year-on-year, said the Ministry of Commerce.
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