The EU is China’s largest trading partner, and China is EUs second largest trading partner after the U.S. China has a 185 billion EUR trade surplus with the EU, with exports amounting to 395 billion EUR and imports amounting to 210 billion EUR to and from the Union.

The 5G is the fifth generation of mobile telephony standards technology, and promises to enhance the end-user experience by offering new services and applications at gigabit speeds and greatly improving the quality of network reliability.

Over the past few years, China has achieved significant progress regarding opening up its market. Since 1997, the government has been constantly updating The Special Administrative Measures for Access of Foreign Investment (Negative List[1]) and the Special Administrative Measures for Foreign Investment Access in Pilot Free Trade Zones (FTZ), making more and more industries available to foreign investment.

Pakistan is one of the key allies of China in the Asian region. Close ties between the two nations have resulted in increased Chinese investments in the South Asian nation. The two countries have formed the China-Pakistan Economic Corridor (CPEC) under the Belt & Road Initiative.

Within the framework of the Belt & Road Initiative (BRI) there is the sub-format called “17+1”, the cooperation process between seventeen Central and Eastern European (CEE) countries, and the People’s Republic of China (PRC), established in 2012. As a part of the “17+1” format, a number of the Western Balkan (WB) countries have negotiated Chinese investments in their energy sector, predominantly in its coal segment.

Many developed countries have seen a sharp increase in imports of Chinese products, and increased competition in international markets from China. China’s economy has grown rapidly due to export of work-intensive products to the rest of the world. Since the early 2000s, however, focus has shifted from merely being the world’s “manufacturing hub” to create an economic environment based on research and development.