2 hours agoChina passes to America: Becomes EU's Largest Trade Partner
Periskopi(5 years ago)
(5 years ago)China is now the EU's biggest trading partner, passing the United States. Trade between China and the EU was worth $709 billion last year, compared to $6671 billion in imports and exports from the US, the BBC writes. As China's economy suffered heavily in the first quarter of the year [...]
Trade between China and the EU was worth $709 billion last year, compared to $6671 billion in imports and exports from the US, the BBC writes.
As China's economy suffered heavily in the first quarter of the year due to pandemic, its economic recovery filled US requirements.
China was the largest world economy to see growth in 2020.
China's exports, however, benefited from major demand for medical and electronic equipment.
