EU becomes China's biggest trading partner

[Dreamer128]

10.01.2005 - 09:49 CET | By Richard Carter
The EU has leap-frogged the US and Japan to become China’s biggest trade partner, according to Chinese media.

Officials from the Chinese trade ministry, quoted by the China’s People Daily, say that China has also become the EU’s second largest trading partner after the US.

In the year up to November, trade volumes between the EU and China reached 159.3 billion dollars – up 34.7 percent on the same period in 2003.

The UK, the Netherlands, France, Germany and Italy are the main trading partners, according to the paper, accounting for 72 percent of Europe’s trade with Beijing.

However, disputes between the EU and China remain, including over the ban on Chinese arms sales. The EU also wants greater market access to China.

(EUObserver)

Good or bad? If the bickering about the sale of arms ever leads to a trade embargo..

[johnny]

Bah, i'd rather see Taiwan as the biggest tradepartner, at least they buy submarines. The Chinese only want our tulips and wooden shoes.

[John D Harris]

Originally posted by johnny: Bah, i'd rather see Taiwan as the biggest tradepartner, at least they buy submarines. The Chinese only want our tulips and wooden shoes.

Johnny, they have to have flowers to put in the barrels of all the guns they sell.

[johnny]

That's the Chinese army you're talking about JD, not the San fransisco militia.

[John D Harris]

Originally posted by johnny: That's the Chinese army you're talking about JD, not the San fransisco militia.

Oh No not the dreaded SFM