EU ties form bulwark against protectionism

A group of prominent Chinese think tank experts urged Germany and the European Union as a whole to deepen pragmatic cooperation with China in order to boost connectivity and protect the fragile global multilateral system.

"China and the EU should continue to focus on cross-border investment and two-way opening so as to build a fair, open environment and a mechanical framework for business," said Zhou Xiaochuan, former governor of China's central bank.

Zhou made the remarks at a seminar themed "Sino-German Economic Relations: Risks and Opportunities", co-organized by Koerber-Stiftung and the China Center for International Economic Exchanges in Berlin on Friday. Zhou now serves as president of the China Society for Finance and Banking and adviser to the CCIEE.