China and the European Union are building a relationship rooted in mutual benefit and innovation-driven growth, according to Liu Jiandong, chairman of the China Chamber of Commerce to the EU (CCCEU). In a recent interview with CGTN, Liu emphasized that healthy competition between the two economic powerhouses serves as a catalyst for technological advancement and sustainable development.
Economic Synergy in Focus
Liu highlighted how bilateral trade reached $847 billion in 2023, with green energy and digital infrastructure projects driving collaboration. "Shared goals in climate action and supply chain stability create natural partnerships," he noted, pointing to joint ventures in renewable energy sectors across Germany and Zhejiang province.
Balancing Competition and Innovation
While acknowledging market rivalry in areas like electric vehicle production, the CCCEU leader framed it as "a necessary engine for progress." He cited the 14% year-on-year increase in EU-bound Chinese tech investments as evidence of complementary strengths.
Cultural Bridges Strengthen Ties
The interview concluded with Liu underscoring people-to-people exchanges, referencing the 30% surge in Europe-bound Chinese students since 2020. This cultural interplay, he argued, fosters long-term understanding between the regions.
