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Cross-border e-commerce continues to lead new forms of foreign trade
Adddate: 2021-08-19 17:25:50

 China's exports to the EU increased by 23.4% year-on-year in the first seven months; China-Europe freight trains have operated more than 1,300 in a single month for three consecutive months; China-EU two-way investment has been active... This year, China-EU economic and trade cooperation has shown extraordinary vitality and strong resilience. The interviewed experts said that the higher level of China-EU economic and trade cooperation will help strengthen the confidence of the international community in economic globalization and trade liberalization, accelerate the recovery of the world economy, and make important contributions to global economic development.

 
Sino-European trade grows against the trend
 
China-Europe Express trains provide assistance
 
Trade between China and the EU is getting closer. In 2020, trade in goods between the 27 EU countries and China will grow in both directions despite the epidemic, and China has become the EU's largest trading partner for the first time. In the first seven months of this year, China’s imports and exports to the EU were 2.96 trillion yuan, a year-on-year increase of 23.4%. China continues to maintain its status as the EU's largest trading partner.
 
Chen Chao, an assistant researcher at the International Cooperation Center of the National Development and Reform Commission, said in an interview with a reporter from China Trade News that the steady growth of Sino-European trade benefits from the sound foundation of the two sides’ ideals and complementary advantages. Efforts to open up and cooperate can ultimately achieve mutual benefit and win-win results.
 
"During the epidemic prevention and control period, the value of the China-Europe Express Express has further emerged. The business volume of the China-Europe Express Express has greatly increased, and it has played a key role in ensuring the transportation of anti-epidemic materials and other goods, and has become another safe and efficient transportation method between Europe and China." According to Matthias Schultz, Director of Asian Markets at the Port of Hamburg, Germany. The data shows that in July, the China-Europe freight train opened 1352, transporting 131,000 TEUs of goods, an increase of 8% and 15% respectively year-on-year. Since May 2020, the China-Europe Express has operated more than 1,000 trains in a single month for 15 consecutive months, and has operated more than 1,300 trains in a single month for three consecutive months since May of this year.
 
Chen Chao believes that since the launch of the China-Europe train, even when other modes of transportation have stalled, the railway trade between China and Europe has continued to grow rapidly. From a spatial perspective, the range of goods delivered by the China-Europe train has expanded to 23 countries in Europe. At the same time, the spillover effect of the China-Europe express train has gradually emerged, and the superimposed advantages of inland ports, comprehensive bonded areas and transportation channels have helped to smooth the internal circulation from the southeast coast to the west. The China-Europe Railway Express has not only played the role of transportation and trade channels, but has also become an important support for the aggregation of platforms, industries, cities, and openness. It is a new international, comprehensive and three-dimensional supply chain model.
 
Active two-way investment between China and Europe
 
Strengthen the green economy together
 
In recent years, China and the European Union have signed an aviation safety agreement and a geographical indication agreement, completed negotiations on a China-EU investment agreement, and established a digital and green partnership. Two-way investment has become an important link in China-EU economic and trade relations.
 
Chen Chao told reporters that under the epidemic, China-EU two-way investment and trade are deeply “bound”, cooperation demand is “bullish” and investment prospects are “good”. According to the "Business Confidence Survey" of the European Chamber of Commerce in China, 59% of the companies said they are considering expanding their business in China; 68% of the companies interviewed said that they are optimistic about their business in this industry. China has contained the epidemic faster than the rest of the world, and its economic development has accelerated again last year. The interviewed companies can benefit from this.
 
In the second quarter of this year, the German chemical giant BASF, which has been deeply involved in the Chinese market for many years, had global revenues of 19.75 billion euros, a year-on-year increase of 56%. Martin Brudermüller, Chairman of BASF's Executive Board, said that in Greater China, BASF has achieved double-digit growth in the past five quarters. British car manufacturer Jaguar Land Rover also achieved good results in the Chinese market. In the first half of the year, it sold 55,000 vehicles in China, an increase of 52% year-on-year; as of June, it has achieved year-on-year growth for 10 consecutive months. Pan Qing, Jaguar Land Rover's global director, China President and CEO, said that the continuous growth in the first half of this year further proves that the Chinese market is irreplaceable.
 
With the advancement of the “Belt and Road” construction, western China has also become a new market favored by many European companies in recent years. Decathlon is a comprehensive sporting goods retail company from France. Gao Rulin, general manager of Decathlon (Chongqing), is very satisfied with the company's development in Chongqing over the past six years and is full of confidence in the future. He said that the company has invested in physical shopping malls in 6 areas in Chongqing. In the future, it will introduce the world's first Dibao RFID real-time full-category product inventory counting robot here, and increase the innovative investment of smart retail.
 
At the same time, Chinese companies have accelerated their investment in Europe and are currently involved in European infrastructure, transportation, energy and other fields. Shanghai Electric Power (Malta) Holding Co., Ltd. has been committed to promoting Sino-European green and low-carbon energy cooperation. It invested in the construction of the Delimara Phase III power station in Malta, completed the oil-to-gas project, and invested in a joint venture with the Maltese government in Montenegro to build Mozura Wind Power stand. The company's executive director Sheng Baojie said that the company will also invest in a new energy project in Malta to help the country achieve the EU's 2050 "carbon neutral" target.
 
In this regard, Chen Chao said that, on the one hand, the development capabilities and potential of China's super-large market and population size are highly attractive to European companies. Taking China’s further opening up as an opportunity, the 21 pilot free trade zones have achieved about one-sixth of the country’s actual use of foreign capital and newly established foreign-funded enterprises with less than four-thousandths of the country’s land area. They can become future Sino-European enterprises. A new platform for strengthening investment cooperation. On the other hand, the European economy is rebounding faster than expected. The European Commission predicts that the GDP of the European Union and the Eurozone is expected to grow by 4.8% this year, and the actual GDP of the Eurozone is expected to return to its pre-epidemic level by the fourth quarter of 2021. In May 2021, the EU consumer price index rose by 2.3% year-on-year, expanding for the sixth consecutive month. Moreover, the EU has strong technical and management experience advantages in many fields such as medical care, pension, and green economy.
 
"2021 is the first year of my country's 14th Five-Year Plan and the launch of the EU's Next Generation Bond Issuance Program. China and the EU have broad prospects for cooperation in the fields of energy, manufacturing, finance, and digital in the future." Chen Chao Said that, especially in terms of the green economy, the EU proposes to reduce 296 million tons of carbon dioxide emissions annually by 2050, accounting for about half of its total emission reductions. At the same time, green development is an important part of China's new development concept. China has set a "dual carbon" goal and vision to promote green development. China and the EU work together to forge a green partnership to jointly expand and strengthen the green economy, which will inject more impetus into the recovery of the world economy and green and sustainable development.
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