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People's Daily Online>>China Business

China may become EU's biggest market

By Yu Hongyan (Chinadaily.com.cn)

17:11, February 06, 2012

China may overtake the US to become the European Union's biggest exports destination this year, the EU ambassador to China said on Monday.

Markus Ederer said at a press conference in Beijing that the conclusion was based on the current trade trends. EU is the biggest importer of Chinese goods as well as China's biggest technology supplier, he said.

Ederer stressed that the EU had set no barriers for Chinese investment in the market and treats all companies equally.

The EU welcomes China's investment and the country's "constructive approach" towards the EU debt crisis, Ederer said, commenting on German Chancellor Angela Merkel's visit to China.

He also added that the European Commission's review of public procurement rules is not aimed at China, and there is no timeline for the issue.

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PD User at 2012-02-0724.74.71.*
Unbelievable how Geopolitic unexpectedly shift its course of influence from West to East, ..imagine China telling EU what to do, ..it won"t be too long when all the Countries in Asia will begin trading directly with China using the Yuan instead of the U.S. Dollar, ..Japan might have already started, as Argentina in S.America.
  

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