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]