According to reports, China's euro-denominated payments increased by 22.8% last year, reaching a 15-year high
According to a report by Bloomberg, Chinese companies significantly increased their use of euros in cross-border transactions last year. Official data and Bloomberg calculations indicate that payments settled in euros will rise by 22.8% in 2025, reaching 1.18 trillion yuan, marking the largest increase since 2010.
The report states that despite escalating geopolitical tensions, trade between China and Europe has risen. The total trade volume between the two major economies is expected to reach USD 828.1 billion in 2025, growing by 5.4% year-on-year, solidifying Beijing's role as one of the largest trading partners of the European Union in goods
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