The European Union’s trade deficit with China rose 9.9 per cent to €181 billion last year. Photo: Xinhua
China is now EU’s biggest trading partner, an exchange complicated by labour rights and transatlantic tactics
- Trade volume in goods hit US$710 billion in 2020, which coincided with Beijing and Brussels agreeing to an investment deal
- Scepticism includes concerns about overdependence on China and fallout from Biden’s intent to counter a rising Beijing
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European Union
The European Union’s trade deficit with China rose 9.9 per cent to €181 billion last year. Photo: Xinhua