EU heading for top spot in China trade

Ministry of Commerce data showed an expanded European Union is now on the verge of displacing Hong Kong as China's biggest investment and trading partner. Sino-EU trade volume has been growing at over 30% a year, topping US$111.64 billion in the first eight months of this year�up 36.6% over the same period a year earlier. China exported goods worth US$65.47 billion during the period, and imported goods worth US$46.17 billion, official data showed. China's exports included machinery, electronics and high-tech products, textiles, garments, toys and shoes; imports included capital equipment, auto parts, steel and aircraft.