BEIJING, June 4 (Xinhua) -- The fact that more and more European companies are choosing to deepen their presence in China and expand their business here is in itself the most powerful rebuttal to the so-called "de-risking" narrative, Chinese foreign ministry spokesperson Mao Ning said on Thursday.

Photo: Xinhua

The trade cooperation between China and Europe is built on common interests, which in essence is a result of both comparative advantages and participation in market competition, Mao said at a regular news briefing, adding that complementarity is not a risk, and convergence of interests is not a threat.

Over the past five decades or so, the annual trade volume between China and Europe has soared by over 300 times, with two-way investment totaling nearly 260 billion U.S. dollars. The figures are a strong testament to the robust momentum and promising prospects of China-EU cooperation, she said.

Noting that trade protectionism is against the laws of economics and serves no one's interests, she said China hopes the European side can view China-EU trade ties in an objective and rational manner, and work with China to shorten the list of problems and make the pie of cooperation bigger for win-win results.