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China has signed 200 cooperation deals on the Belt and Road Initiative with 138 countries and 30 international organizations. The country has also established 21 pilot free trade zones. Its global business environment ranking moved up to the 31st in 2020.

Themed "Join hands in tiding over difficulties, cross-sector integration, and win-win cooperation," the four-day event, with Germany as Guest of Honor, will feature two plenary meetings, thematic summits, and two forums on Sino-German cooperation of NEVs, as well as cross-sector collaboration for vehicle electrification and medium- and long-term development.

According to media reports, U.S. Under Secretary of State Keith Krach visited Taiwan last week and met its leader Tsai Ing-wen, after U.S. Health and Human Services Secretary Alex Azar's visit in August.

China and the EU should unswervingly promote the sound and stable development of their comprehensive strategic partnership, adhere to peaceful coexistence, openness and cooperation, uphold multilateralism, and maintain dialogue and consultation, said CCCEU Chairwoman Zhou Lihong.

"Instability and uNPRedictability" both have detrimental effects on developing countries, as these two factors will hamper the expansion of trade and investment, said Bustelo.