EconomyWorld

In the European market, China has replaced the US

In 2020, China became the EU’s largest trading partner for the first time. He replaced the United States, a historic ally of the European Union, in that position.

China is the only country that ended 2020 with an increase in foreign trade in goods.

The EU and China are working on an investment agreement, which means the Chinese market will become more accessible and predictable for European companies.

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