China: Economic indicators and trade with EU

Written by Györgyi Mácsai and Nadejda Kresnichka-Nikolchova, Members’ Research Service (EPRS) with Raffaele Ventura, GlobalStat, EUI.

This infographic provides insight into the economic performance of China compared with the European Union (EU) and examines the trade dynamics between them. In 2024, China’s Gross Domestic Product (GDP) growth rate was recorded at 5%, while the EU experienced a growth rate of 1.1%. Chinese inflation rates remain stable at 0.2%. The exchange rate of the renminbi-yuan continues to rise, reaching 7.8 units per euro in 2024. Trade in goods and services between the EU and China has remained relatively stable, with a slight increase from the previous year. The EU is China’s largest trade partner in goods, accounting for 12.7% of China’s total imports and exports. Conversely, China is the EU’s second-largest trade partner, representing 14.6% of the EU’s trade, while the United States ranks first at 17.3%.

Read this ‘infographic’ on ‘China: Economic indicators and trade with EU‘ in the Think Tank pages of the European Parliament.