Sino-European Trade Continues To Grow Against The Trend(part One)

Sino-European trade continues to grow against the trend(part one)

According to data released by the Chinese Customs a few days ago, Sino-European trade continued to grow against the trend this year. In the first quarter, bilateral imports and exports reached 1.19 trillion yuan, a year-on-year increase of 36.4%.

In 2020, China became the EU's largest trading partner for the first time. In that year, China-Europe freight trains opened a total of 12,400 trains, breaking the "10,000 trains" mark for the first time, with a year-on-year increase of 50%, which ran "acceleration". The sudden new crown pneumonia epidemic has not blocked the economic and trade exchanges between China and Europe. The "steel camel team" running day and night on the Eurasian continent has become a microcosm of the development of China-Europe trade resilience under the epidemic.

Strong complementarity achieves growth against the trend

The data previously released by Eurostat also showed that in 2020, China will not only replace the United States as the largest trading partner of the EU, but also stand out among the top ten trading partners of the EU. It is the only one that achieves a "double increase" in the value of exports and imports of goods with the EU. country.