China-EU Trade: Dynamics and Current Trends

Relations between the European Union and the People's Republic of China (PRC) are of global importance, and these ties are likely to expand in the coming years. Analyzing the trade relations between the EU and China in 2009–2018, the authors note their intensification and at the same time the growth of instability and imbalance. The main objective of this article is to try to answer the question of success factors and problems of cooperation in the field of mutual trade in order to identify conditions that can play a significant role in the process of strengthening bilateral ties between the PRC and the European Union. According to the authors, China and the European Union, together, can become engines of a more cooperative approach to world politics, global stability and regional economic prosperity. UNCTAD data provided the statistical basis for the study.