Giorgio Leali
Giorgio Leali
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China topples US as EU’s top trade partner over 2020

China topples US as EU’s top trade partner over 2020

The new data come as Brussels is trying to intensify its economic ties with Beijing by concluding an EU-China investment pact.China was the EU's main trade partner in 2020, taking the top spot occupied until last year by the United States.During global trade's annus horribilis, heavily impacted by the coronavirus pandemic, EU-China trade grew while imports and exports to the United States dramatically dropped compared with 2019, according to data by the EU's statistics office Eurostat Monday.In 2020, exports of EU goods to China increased by 2.2 percent and imports went up 5.6 percent,...

February 15, 2021
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