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China, EU economies highly complementary, closely intertwined: spokesman

China

China, EU economies highly complementary, closely intertwined: spokesman
China

China

China, EU economies highly complementary, closely intertwined: spokesman

2026-01-14 11:58 Last Updated At:15:27

The economies of China and the European Union (EU) are highly complementary and closely intertwined, with the two sides being each other's second-largest trading partners, China's General Administration of Customs (GAC) spokesman Lv Daliang said Wednesday in Beijing.

"China and the EU are each other's second-largest trading partners. Statistics from the GAC showed that China's imports from and exports to the EU reached 5.93 trillion yuan in 2025, an increase of six percent year-on-year, accounting for 13 percent of China's total import and export value and contributing 0.8 percentage points to the growth of China's foreign trade. Data from the EU showed that in the first ten months of 2025, the total trade volume between the EU and China exceeded 700 billion U.S. dollars, representing 14.5 percent of the EU's total import and export value and contributing more than 0.8 percentage points to the growth of the EU's foreign trade," Ly said at a press conference held by the State Council Information Office.

Lv said the EU is China's second-largest source of imports for high-tech products and its third-largest export market for such goods.

"Over one-quarter of the total goods trade between China and the EU is concentrated in the high-tech product sector. In 2025, China's exports of high-tech products to the EU increased by 7.5 percent, while its imports of high-tech products from the EU grew by 11.1 percent," he said.

Lv said both China and the EU have actively supported the advancement of low-carbon transition and green development, with green being a distinctive feature of their trade relations.

"In 2025, China's export of wind power generators to the EU surged by 65.9 percent, and export of electrical equipment such as DC charging piles and energy storage batteries increased by 25.4 percent. Meanwhile, China's imports of recyclable products from the EU grew by 18.9 percent. As China's pace of green and low-carbon transformation continues to accelerate, there is broad potential for cooperation between the two sides in the green sector," he said.

China and EU have also engaged in in-depth cooperation in the trade of consumer goods such as healthcare products, passenger vehicles, cosmetics, electronics, clothing and kitchenware.

Lv said the EU is China's largest source of imports and largest export market for consumer goods, accounting for 26.8 percent of its total imports and 16.2 percent of its total exports, respectively.

Currently, unilateralism and protectionism are prevalent, and the rules-based multilateral trading system faces severe challenges, Lv said.

As constructive forces that uphold multilateralism and actively advocate for open cooperation, both China and the EU should work together in the same direction, persist in dialogue and cooperation, properly manage differences, jointly safeguard free trade, practice multilateralism together, and promote the healthy and stable development of China-EU economic and trade relations, he added.

China, EU economies highly complementary, closely intertwined: spokesman

China, EU economies highly complementary, closely intertwined: spokesman

China's blue-chip CSI 300 Index made modest gains in the past week thanks to the huge electrification campaign that reduces the country's exposure to the volatile oil price as the continuing conflict in the Middle East enters the second week, said an analyst on Friday.

Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 0.81 percent to 4,095.45 points.

Timothy Pope, a market analyst for China Global Television Network, said the CSI 300 Index made modest gains despite a rough week for both Chinese and global stock markets.

"The conflict in the Middle East really shows no sign of winding down and it has been as you said another rough week for the global markets. Today the Shanghai Composite Index closed down 0.8 percent, and ended lower for the week as well, but the blue-chip CSI 300 Index actually managed to make some modest gains this week. And that fits what we've been hearing from analysts and investment banks, including Morgan Stanley and UBS. They've said that China's got less oil exposure than other economies. This is partly because of the huge electrification campaign which has been happening in China from family cars to road haulage, and also just the total energy mix here. But we know that oil isn't the only thing that's not getting out of the Middle East at the moment. Fertilizer has emerged as another big disruption point and we have seen in the last 48 hours China already begin early releases of fertilizer reserves ahead of the spring planting season. With all that in the mix we have seen the likes of Morgan Stanley and UBS touting A-shares as a diversification option and a resilient market in this risk-off investment environment," said Pope.

"Sector-wise today we saw some consumer stocks rising -- led by liquor makers, in particular, Kweichow Moutai. There were also some limited gains for Chinese real estate and financial firms. But with the oil price still extremely volatile, Chinese resources and energy shares pulled back today to become the two worst-performing sectors," said Pope.

Chinese blue-chip stocks make gains amid a rough week for global markets: analyst

Chinese blue-chip stocks make gains amid a rough week for global markets: analyst

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