Since the beginning of this year, under the strategic leadership of the leaders of both sides, China-EU trade and economic relations have overcome the impact of the pandemic and shown strong resilience with wider and deeper cooperation. From January to September, bilateral trade between China and Europe grew against the trend by 30.4% to USD599.34 billion, and is expected to reach a record high for the whole year. Two-way investment has been steadily increasing. From January to September, China’s direct investment in the EU totaled USD4.99 billion, up 54%, while the EU’s paid-in investment in China was USD3.59 billion, similar to the pre-pandemic level.

The recent report released by the European Union’s Chamber of Commerce in China reflects the enthusiasm and confidence of Chinese enterprises in deepening cooperation on the EU market, but also raises some concerns about the current business environment in Europe. We hope that the EU can keep its market open and provide a fair and non-discriminatory business environment for Chinese enterprises in Europe.

China is accelerating the formulation of a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other. China is willing to continue to strengthen practical cooperation with the EU in the areas of global economic governance, low-carbon transformation, digital economy, connectivity and third-party market cooperation, jointly maintain the stability of the global industrial and supply chains and contribute to the recovery and development of the world economy. Thank you.