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Tuesday, October 25, 2011

China overtakes US to becomes top trade partner of EU

Uploaded by cctvnewschannel on 21 Oct 2011 - BEIJING, Oct. 16 (Xinhua) -- Trade between China and the European Union (EU) totaled 35.6 billion euros (49.4 billion U.S. dollars) in July, allowing China to overtake the United States as the EU's largest trade partner, the Ministry of Commerce said, citing the latest statistics from Eurostat. The overall value of China-EU trade in July exceeded that of the EU and the United States by 800 million euros, accounting for 13.4 percent of the region's total imports and exports, according to data released by the EU's statistics office.