The European Union said on Dec. 30 it had concluded a business investment agreement with China after the Communist regime made commitments to improve market access. The Comprehensive Agreement on Investment, which was seven years in the making, was concluded “in principle” at a video conference attended by Chinese leader Xi Jinping, European Commission President Ursula von der Leyen, European Council President Charles Michel, as well as German Chancellor Angela Merkel and French President Emmanuel Macron. The Chinese regime committed to “a greater level of market access for EU investors than ever before,” and promised to “ensure fair treatment for EU companies so they can compete on a better level playing field in China, including in terms of disciplines for state-owned enterprises, transparency of subsidies and rules against the forced transfer of technologies,” the European Commission, the EU’s executive body, said in a press release. Beijing has also agreed to …
EU Reaches Investment Pact With China Amid Human Rights Concerns
December 30, 2020
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Angela MerkelCCP VirusCharles MichelChinaChina Business & EconomyChina Human RightsChinese RegimeEmmanuel MacronEuropeEuropean ParliamentEuropean UnionHong KongMagnitsky sanctionsUrsula von der LeyenWorldXi Jinping
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