ECONOMIC RELATIONS BETWEEN CHINA AND THE EUROPEAN UNION

Antevski Miroslav (Viši naučni saradnik), miroslav@diplomacy.bg.ac.rs
Jelisavac Trošić Sanja (MA, istraživač saradnik), sanja@diplomacy.bg.ac.rs
Rapaić Stevan (MA, istraživač saradnik), stevan@diplomacy.bg.ac.rs

The dominant part of overall relations between China and the European Union is a commodity trade, in which China has a positive balance. Trade in services is significantly behind commodity trade, in which the European Union has a positive balance also having a great potential to increase the volume of trade. FDI flows between these two huge economies are also significantly below commodity trade. They do not follow the flows of goods and the European Union\'s FDI stock in China is much greater than China\'s FDI stock in the European Union. An informal division existing in the European Union (old and new EU member states) is reflected in their individual relations with China. Germany plays a dominant role, being followed by France and the United Kingdom. Among new members, Poland, Hungary and Romania have achieved some success in the development of economic relations with China.

Keywords: China, European Union, trade, services, investment