EU becomes China's largest trade partner

mkpdavies · 07-01-2005, 08:02 AM

http://www.chinadaily.com.cn/english...ent_406961.htm

Quote:

From January to November 2004, the trade volume between China and Europe had reached US$159.3 billion, 34.7 percent higher as against the same period in 2003. The EU has surpassed Japan and the US to become China's largest trade partner; and China has become the second largest trade partner of the EU, only next to the US, sources from the Ministry of Commerce of China say.

Funny, China are not part of the EU, yet trade seems to be booming between all the countries in the EU and China. I wonder how long it will take for China to be assimilated.

cynic · 08-01-2005, 09:03 PM

What really stands out is the difference in growth between the EU and China. Right now the UK could learn more from China and even Russia (Flat rate tax) than anything Europe is offering.
:idea:

Lafayette · 09-01-2005, 01:45 AM

China is destined to be the great global economy of tomorrow. I heard on the radio that within 15-20 years the yuan will be the world's reserve currency. They have everything from a large population to the infrastructure necessary to make them THE superpower of the middle to last parts of the 21st century.

08-01-2005, 09:03 PM	#2 (permalink)
cynic Member Join Date: Nov 2004 Posts: 127	Flat and middle earth What really stands out is the difference in growth between the EU and China. Right now the UK could learn more from China and even Russia (Flat rate tax) than anything Europe is offering. :idea:

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09-01-2005, 01:45 AM	#3 (permalink)
Lafayette Member Join Date: Sep 2004 Posts: 114	China is destined to be the great global economy of tomorrow. I heard on the radio that within 15-20 years the yuan will be the world's reserve currency. They have everything from a large population to the infrastructure necessary to make them THE superpower of the middle to last parts of the 21st century.