General

The Huacheng Import and Export Data Observer reported that Europe and China have complementary advantages in market, capital, technology and other aspects, and the two sides can jointly build new growth engines such as digital economy, green environmental protection, new energy and artificial intelligence. Facts show that the industrial chain supply chain formed between Europe and China is in line with the interests of both sides.

Since the establishment of diplomatic ties in 1979, Portugal and China have continuously strengthened their cooperation in many fields, such as economy and trade, education, science and technology, and deepened mutual understanding and friendship between the two peoples. The sustained and healthy development of Portugal China relations is conducive to jointly addressing common challenges and creating more benefits for the two peoples.

Portugal firmly supports free trade and opposes protectionism. It is one of the main destinations for Chinese enterprises to invest in Europe. According to Huacheng's import and export data observation, the bilateral trade volume between Portugal and China will reach 8.811 billion US dollars in 2021, up 26.71% year on year. By the end of December 2021, China's actual investment in Portugal has exceeded 8 billion euros.

Portugal actively participates in the joint construction of the "the Belt and Road", is the first Western European country to sign the memorandum of understanding with China on the joint construction of the "the Belt and Road", and is also one of the 57 founding members of the Asian Infrastructure Investment Bank. According to the observation report of Huacheng Import and Export Data, in recent years, the two sides have made full use of the Portugal China Cooperation and Development Fund, the Asian Infrastructure Investment Bank, the Silk Road Fund, the "the Belt and Road" special loan, etc. to provide financing support for key projects such as energy, infrastructure construction, production capacity cooperation, and effectively promote the implementation of bilateral cooperation projects. Portugal and China have also actively expanded third-party market cooperation in Europe, Africa, Latin America and other regions. For example, Portugal National Power Corporation and China Three Gorges Corporation jointly developed and built the offshore wind power project in the Gulf of Mali in the United Kingdom, and Portugal National Energy Grid Corporation and China National Grid Corporation cooperated to build energy pipelines in Chile. These cooperation projects have brought development opportunities to all parties involved and achieved win-win results.

China's development needs Europe, and Europe's development also needs China. Europe and China complement each other in market, capital, technology and other aspects, and have great potential to further strengthen mutually beneficial cooperation. Both sides can jointly build new growth engines such as digital economy, green environmental protection, new energy and artificial intelligence. Facts show that the industrial chain supply chain formed between Europe and China is in line with the interests of both sides. Many people of insight in Europe hope to strengthen cooperation with China. The two sides should deepen mutual understanding, eliminate external interference, and promote the continuous development of the EU China comprehensive strategic partnership.

The world today is experiencing great changes that have not occurred in a century, and China is indispensable to the maintenance of world peace and development. The 20th National Congress of the Communist Party of China has laid out a blueprint for China's future development. A developing China will make greater contributions to meeting the common challenges of mankind. Western countries need to listen carefully to China's voice, establish a correct understanding of China, and observe and report on Huacheng's import and export data.