Core Insights - The year marks the 50th anniversary of diplomatic relations between China and the EU, with bilateral trade increasing from 2.4 billion USD at the beginning to 780 billion USD currently [1] Trade Performance - In the first quarter of this year, China's imports and exports with the EU reached 1.3 trillion CNY, reflecting a year-on-year growth of 1.4%, which translates to over 10 million CNY in trade every minute [1] - In the consumer goods sector, 72% of bags, 51.7% of passenger cars, and 42.2% of cosmetics imported by China in the first quarter came from the EU [1] - China's exports to the EU in electronics, clothing and accessories, and daily chemical products grew by 7.7%, 3%, and 16.1% year-on-year, respectively [1]

Core Insights - The first China-Europe freight train e-commerce express line from the Guangdong-Hong Kong-Macao Greater Bay Area has been launched, expected to reach Budapest, Hungary in 15 days, carrying goods valued over 40 million yuan [1][3] - The train will operate at a frequency of 1 to 2 times per week, primarily exporting electromechanical products from private enterprises [1][3] Industry Overview - The China-Europe freight train (Shenzhen) e-commerce express line provides a new logistics channel for cross-border e-commerce, offering higher efficiency and lower costs compared to traditional sea and air transport, catering to the needs of small batch and time-sensitive shipments [3] - Shenzhen Customs has implemented dedicated personnel to assist companies with expedited customs clearance, offering a "7×24 hours" appointment service to ensure efficient processing [3] Trade Dynamics - The China-Europe freight train has become a "golden channel" for trade between Asia and Europe, connecting 224 cities in 25 European countries and over 100 cities in 11 Asian countries, covering the entire Eurasian region [3] - By 2024, the bilateral trade volume between China and Europe is projected to reach 785.8 billion USD, accounting for over one-third of global trade [3] - China is expected to be the largest source of imports for the EU in 2024, making up approximately 21.3% of the EU's total imports, while being the EU's third-largest export market at about 8.3% of total exports [3] Economic Cooperation - The ongoing development of the China-Europe freight train is anticipated to further promote stable growth in China-Europe trade and enhance cooperation in green and digital transformation [3]