The Role Of Technology In Streamlining Corporate Services Across Borders
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China becomes Europe's biggest trading partner
China has overtaken the US as Europe's best trading nation for the year. This is good news to China who has bounced back quickly from the COVID-19 pandemic. China overtakes America as Europe top trading country The European Union is now trading more with the Chinese than the United States. This shows how the COVID-19 pandemic has transformed the economy of the world. According to figures shown this week by the EU statistics service, it attributes this diversion to a 5.5 increase in imports from the Chinese nation in 2020 and a 2.1% increase in the number of exports. There has been a decline in trading with the US, with imports slumping to 12.9% and the exports decline to 7.8%. The aggregate of EU-China's business in 2020 was €590 billion, which was about €30 billion more than the...
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