CAI to cement bilateral ties in 2021: analyst

A China-Europe freight train bound for Duisburg of Germany pulls out of the Wuhan terminal of 188bet Intermodal in Wuhan

With the EU-China Comprehensive Agreement on Investment (CAI) making progress while the future of transatlantic trade remains unclear

Latest data from the EU statistics agency Eurostat showed that the EU's trade volume with China reached 586 billion euros (1 billion) in 2020

the bloc's trade with the US recorded a significant drop in both imports (-13

The supremacy of China came after it suffered from the coronavirus pandemic during the first quarter but recovered vigorously with consumption even exceeding its level of that a year ago at the end of 2020

Many virus-fighting medical supplies are transported to the EU over the steadily operating China-Europe freight trains

400 China-Europe freight train trips were made in 2020

The Eurostat data coincided with China's official data published in January

overtaken by the Association of Southeast Asian Nations (ASEAN)

it's still a question mark on whether China's throne in trading with the EU will be maintained in 2021

will boost more confidence regarding European companies in China as the latter pledges to provide more access to European investors

The CAI agreement will go through further legal and technical revisions before it is submitted for approval by the European Council and European Parliament

the agreement will be signed in the first half of 2022

The US losing its throne to China in trade with the EU in 2020 was not only due to the global health crisis