The European Union has become the largest source of China's imports recently and the huge growing market in China means huge opportunities for European companies, said Mr. Chen Deming, China's Minister of Commerce during the 2nd China-EU High-level Economic and Trade Dialogue in Brussels on May 7 and 8.
Many European enterprises and brands are well-known in China and quality Chinese products with competitive prices save some 300 euro a year for each European household on average, according to Chen.
He highlighted the importance of consolidating the China-EU communication and developing bilateral economic and trade relations in dealing with the common challenges posed by spreading the impact of the international financial crisis.
According to statistics from the Chinese side, two way trade has declined for six months in a row since November 2008.
As the two major world economies and major momentum of the world economy, the sound development of the China-EU economic and trade relationship will be very positive and important for the recovery of the world economy, said Chen.
The EU is China's largest trading partner and the largest export market. China is EU's second largest trading partner.
By People's Daily Online
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