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"China is the largest and most dynamic market for electromobility－and is playing a key role in the rapid spread of this promising drive technology," ZF Production Director Michael Hankel said in a statement.

"By doing so, we would have enough measures and resources to defend against the volatility of the global economy in the post-COVID-19 era and speed up our economic recovery as a whole," he said.

"But the situation, I believe, will change, if the blacklist regulation, a bigger threat, takes effect."

"China and Bulgaria have maintained healthy business ties, especially in the energy and agriculture sectors," said Emil Karanikolov, the economy minister of Bulgaria. "But we don't want to stop there because we can have more possibilities. We want to attract more goods and improve the infrastructure for logistics and communication." According to Commerce Ministry data, the trading volume between China and 16 CEE countries reached .98 billion in 2017, up 15.9 percent year-on-year. China exported goods worth .4 billion and imported products worth .5 billion from CEE countries during the period, up 13.1 percent and 24 percent respectively, compared to 2016.

"China is willing to work with relevant countries to continue to uphold multilateralism and international rules, advance the process of economic globalization and build an open world economy," she added.