EU-China relations: services sector seen as untapped potential for growth in relationship after goods trade overtakes US



Andrew Mullen | South China Morning Post

Even as China overtook the United States as the European Union’s biggest trading partner last year, the services sector offers untapped potentials to grow the relationship which reached €586 billion (US$707 billion) in 2020, according to the president of the European Union Chamber of Commerce in China.

China’s trade volume in goods with the 27-member European Union (EU), excluding Britain, reached €586 billion in 2020, according to the latest data.

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