Sino-EU ties seen as key to global growth
Experts call for stronger economic, trade partnership amid US tariff hikes
Strengthening China-European Union economic cooperation has become crucial for worldwide economic growth, as the United States' tariff hikes against its key trading partners have cast a shadow over the global economy, said senior trade experts and EU business executives.
They emphasized that amid growing global trade protectionism, the Chinese and EU economies' structural complementarity and the two sides' upholding of free trade provide a solid basis for deeper bilateral economic and trade collaboration. They also said the US tariff increases are likely to backfire.
Zhang Yansheng, a researcher at the Chinese Academy of Macroeconomic Research, said the EU economy has advantages in high-end manufacturing, green technology and services trade, while China excels in digital infrastructure, smart manufacturing, application scenarios and a vast market.
