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China overtakes US as EU’s biggest trading partner


The supremacy of China came after it suffered from the coronavirus pandemic during the first quarter but recovered vigorously with consumption even exceeding its level of a year ago at the end of 2020.

This helped drive sales of European products, particularly in the automobile and luxury goods sectors, while China’s exports to Europe benefited from strong demand for electronics.

This year, the Chinese government appealed to workers to remain local,therefore, China’s economic recovery has been gathering pace due to robust exports.

Chinese’s foreign trade import and export situation in 2020 shows,China has become the only major economy in the world that has achieved positive economic growth.

Especially the electronic industry in the whole export, the proportion is significantly higher than previous results,the scale of foreign trade has reached a record high.

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