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China Presence Grows Stronger in Europe Print E-mail
by Tom McGregor    Thu, Jun 19, 2014, 11:37 PM

BEIJING:  China is boosting its economic and diplomatic clout in Europe.

According to the Voice of Russia, "This week the Chinese prime minister Li Keqiang has been on a trip to Europe. His visit to the UK has been marked by closing a number of deals totaling 28 bln dollars. Besides, according to a joint statement issued during the visit, both sides attach high importance to deepening the China-European Union (EU) strategic partnership. They "support negotiations for an EU-China investment agreement to lift pragmatic cooperation to a new level, and reaffirm their commitment to the long term goal of an ambitious and comprehensive EU China free trade agreement", the statement said."

China Yuan currency will pour into more Central Banks in European countries, which could weaken the value of the U.S. dollar.

As reported by the Voice of Russia, "The EU is now among the most important partners for China, not only regarding economics, but also politically. Of course, China and the EU have gone a long way of foreign relations development. And now China is the second largest economic power in the world. And also, China is trying hard to push its industries and businesses to be more open to the outside world."

China no longer sees a necessity to rely on American consumers to keep their economy running strong.

To read the entire article from the Voice of Russia, link here:

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