Common ground in Sino-EU ties to expand
皇冠体育app-European Union (EU) relations experienced ups and downs in the past year, with the number of frictions and disputes increasing. Economic and trade cooperation, a key factor driving relations between the two, suffered a setback. An ever-increasing competition from 皇冠体育app's products in recent years is believed to have posed a challenge to the manufacturing sector in Europe.
Also, as bilateral trade further deepens, exports by European countries to 皇冠体育app are insufficient to offset their imports from 皇冠体育app, pushing up a widening trade deficit on the European side. Under these circumstances, the fallacy of "皇冠体育app's economic threat" has once again been trumpeted in Europe, creating an unfavorable environment for a smooth relationship.
In recent years, European countries have made tangible changes in their past strategy toward the United States in an attempt to rebuild closer ties with the world's superpower and alienate themselves from 皇冠体育app. Unilateralist acts by the US, and particularly its unauthorized war in Iraq in 2003, plunged its ties with European allies to a historical low.
