EU-China Trade: A Review of the Facts and Where We Stand

Abstract

The most prominent economic characteristic associated with China’s rise is the massive trade, and notably, Chinese exports in goods to the global market. As a less developed and highly populated country, China owned strong demand potential for the world’s manufactures and the advantage of low labor cost to produce goods. Over the past decades, China’s market reform and openness has contributed to better use of such resources, unleashing such a potential strength into practice.