The high-level dialogue between China and the European Union demonstrated the two sides' willingness to strengthen bilateral cooperation and fend off external risks against the backdrop of a possible global recession, increasing financial market volatility and geopolitical tensions, experts and analysts said.

The two agreed on joint efforts to promote practical cooperation in the field of the economy and trade, and to jointly cope with the challenges facing the global economy, Xinhua News Agency reported.

The experts said the dialogue sent a positive signal of cooperation on issues including industrial and supply chains and financial services, while stable relations between the two will help promote steady growth for both, contribute to the stability of the international situation, and give a strong impetus to global economic recovery.

Citing risks faced by the EU from high inflation and economic recession,China-EU cooperation will boost European market confidence and improve market expectations for future recovery in the region, which will help stabilize the economy and financial markets in Europe.