Besides expanding business in China's rich coastal areas, European companies also cast their eyes on China's western part and the old industrial base in northeast China.
The ministry said more European companies are moving their plants and research centers to the above areas, which are noted for their abundant labor force and more European investment has also been used in those areas in recent years.
The ministry said a medium- and long-term plan for Sino-European trade is being drafted, and bilateral trade volume is expected to hit $300 billion in the near future.
The ministry will take further steps to boost trade with European Union countries in the coming years and at the same time encourage Chinese companies to make investment in Europe.
Ministry of Commerce of the People's Republic of China
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