China replaced the United States as the number one source of the European
Union (EU) imports last year, according to official statistics carried in
Financial Times on Friday.
According to Eurostat, the EU's statistical office, EU's imports from China
rose by 21 percent to 1,916 billion euros last year, while those from the United
States rose by 8 percent to 176.2 billion euros.
EU's export to China also witnessed a strong growth last year, rising by 23
percent to 63.3 billion euros.
The rising importance of trade links between China and EU was interpreted by
experts as a good reason for the EU to grow despite the threat of US slowdown,
the newspaper said.
The latest trade figures suggested that the strengthening euro had yet to
cause significant damage to exports from the eurozone, as Germany's economic
recovery was initially powered by exports and the euro rise has sounded alarm
bells to export competitiveness in France.
For the eurozone, imports from China overtook those from the United States by
the middle of last year, but most of the imports from China were those of lower
valued-added parts of chainlike equipment and textiles, experts
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