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China: Economic indicators and trade with EU

V stručnosti 16-12-2024

This infographic provides insight into the economic performance of China compared with the European Union (EU) and examines the trade dynamics between them. In 2023, while China's GDP growth rate has returned to increase against the previous year, Europe's GDP growth rate continues to decline and stands at 0.6 percent. Both countries' inflation rates are down from the prior year, but Europe's rate remains at 6.3 percent while China's is at 0.2 percent. Over the last decade, trade between the EU and China has generally risen. Nevertheless, EU imports of goods from China saw a significant drop after 2022. The EU continues to be China's primary trade partner, while China ranks as the EU's second-largest partner.