China and EU trade relations, trade status analysis

Abstract

In recent years, economic globalization is being further deepened, International trade has become an important component of the financial progress of all countries. The terms of trade is an important measure of a country's trade interests in the international market. Both sides attach great importance to maintaining bilateral cooperative partnership. China’s traditional comparative advantages have not completely changed, but with the increase of capital stock and the improvement of technology level, high-skilled labor has gradually emerged in Sino-EUropean trade, This will promote the further development of both sides. Since 2008, The China-EU partnership has undergone new changes. At that time, the problems of the economic crisis had pushed the world economy close to or into recession. The world market is shrinking sharply, consumption is sluggish, and China-EU economic and trade patterns will also face new changes. China is one of the developing countries, the economic and trade cooperation with the EU has achieved the strategic goal of long-term development and win-win cooperation, and it has become of global strategic significance. China and the EU are embarking on a new period of structural adjustment in their relations. Due to the accelerated changes in the power balance, the different policy orientations of each and the influence of the external environment, China and the EU have undergone major adjustments in their mutual understanding and policies. The comprehensiveness and initiative of China's European policy have been strengthened, the economic and trade structure has become more balanced, and cooperation in new areas has been expanded. The structural changes in China-EU relations are long-term, gradual and cumulative processes. Both sides need to carefully handle strategic, political mutual trust, and economic and trade friction issues, and deal with various impacts brought about by the external environment. Although China and the EU still have many differences in the political and economic fields, but in the long run, China-EU economic and trade relations are moving forward in a positive direction. China and the EU are each starting a new reform agenda. Based on effective management and control of differences, by expanding the convergence of mutual interests and creating growth points for regional cooperation, the two sides can better adapt to and jointly shape the prospect of structural changes.