China Displaces U.S. As The EU’s Largest Trade Partner

But eventually, things began to subside, and a new challenger in China emerged. Today, China is experiencing similar milestones that hint at a growing economic power. Such as Beijing becoming the top city for global billionaires.

Will the 21st century mimic the 20th? Or will we witness the U.S. fall from the top of the economic food chain?

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Bruce Wilds 3 months ago Contributor's comment

Going unnoticed by many people the EU is on the path of strengthening its ties to China in the hope it will spark an economic renaissance. A proposed deal in play dovetails with Beijing's "One Belt, One Road" (OBOR) initiative and follows the signing of an agreement made with Italy last year.

The elephant in the room is that the Euro-zone region simply isn't competitive. This means we should expect the EU's trade deficit to explode in the next few years further adding to its woes. More on this subject in the article below.

brucewilds.blogspot.com/.../...sk-of-becoming.html