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Pressing need – Opinion – Chinadaily.com.cn

LUO ZIYUE/FOR CHINA DAILY

Against the backdrop of the complex international situation, the incentives for China and the EU to cooperate have been increasing

Stability is becoming a key issue in current China-EU relations. Bilateral economic and trade cooperation is not only the “ballast stone” for their relations, but also an important force for building an open world economy. China and the European Union have already formed a highly interdependent relationship.

In the past two decades, the volume of trade between China and the EU has increased nearly ninefold, EU investment in China has nearly tripled, and the two-way investment stock has exceeded $230 billion. In 2022, the bilateral trade in goods between China and the EU reached $847.3 billion, an increase of 2.4 percent year-on-year, making China and the EU each other”s second-largest…

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