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Monday, December 28, 2020

SMCP - All EU member states back China investment deal, sources say

Agreement ‘could be reached’ this week following movement on major sticking point

No country had raised ‘stop sign’ clearing way for political endorsement, diplomat says

The deal would give Beijing much-needed diplomatic breathing space as US president-elect Joe Biden prepares to forge stronger ties with European partners to confront growing Chinese assertiveness. 

Under the deal, European businesses would enjoy a more privileged investment environment in China than their American counterparts, according to trade specialists. 

SMCP - All EU member states back China investment deal, sources say

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