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In the face of China’s restrictive trade dispute with Lithuania, the EU decided to suspend a lawsuit against China at the WTO, a decision involving technical and political considerations.

In 2023, the city of Shanghai showed a single-cost high trend on semiconductor equipment imports, facing the challenge of cost increases, and global market competition increased.

In 2023, Chinas automotive brands have high sales in the South African market, deepen cooperation with South Africa, promote the development of local industries, and demonstrate the global influence and competitive advantage of Chinese manufacturing.

France has become Europe’s leader in electricity exports, with nuclear and renewable energy driving export growth while facing domestic challenges such as rising electricity prices and energy policy adjustments.

In the context of the expected decline in global growth, the Chinese economy continues to recover, and is expected to inject a key momentum for Asian and global economic growth in 2024.

China and Switzerland announced the completion of the upgrading of the China-Swiss Free Trade Agreement, agreed to start formal upgrading negotiations as soon as possible, will strengthen trade and visa facilitation, and deepen cooperation between the two sides.