Since the start of 2002 it has suffered from the appreciation of the euro. Taking a longer-term view, it is the insufficient increase in productivity that is holding back competitiveness and growth. Price stability within the euro area is assured by the single monetary policy. Financial stability is guaranteed by controls and supervision at national level.
Thanks to rapid economic globalization, the trade links between China and the rest of the world are expanding, and investment cooperation is deepening with each passing day. Since the initiation of reform and open-up, China has made remarkable achievements in attracting foreign capital and learning advanced technology and management expertise from other countries.