Investing.com investing.com 30 Dec, 2020 14:30 am

EU seeks to rebalance China ties with investment deal By Reuters

EU seeks to rebalance China ties with investment deal By Reuters
EU seeks to rebalance China ties with investment deal

The deal brings Europe a degree of parity with the United States, which has struck a "Phase I" trade deal with China.Compared with a trade deal, which might include retaliatory tariffs, such an investment deal is also more difficult to enforce, Lee-Makiyama said, noting that the EU would be unlikely, for example, to seize Chinese assets.The agreement, he said, showed China's determination and confidence to open up.It's just not in the agreement," he said.

EU Commission President von der Leyen and EU Council President Michel have a video conference with Chinese President Jinping, in Brussles p BRUSSELS (Reuters) - The European Union and China agreed on Wednesday to an investment deal that will give European companies greater access to Chinese markets and help redress what Europe sees as unbalanced economic ties.European Commission President Ursula von der Leyen called the agreement an important landmark in the EU's relationship with China.

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