Monday, May 31, 2021

China Scrambles To Save China-EU Investment Deal And Pushes To Shelve Sanctions

SCMP: China-EU investment deal: Beijing calls on France to help unfreeze debate, shelved over sanctions 

Beijing has called on France to help restart discussions on an investment treaty between China and the European Union (EU), after Brussels voted last week to freeze talks until sanctions on European lawmakers were dropped. 

China’s commerce ministry said in a statement on Wednesday minister Wang Wentao had raised the Comprehensive Agreement on Investment (CAI) in a video conference call with Franck Riester, the French minister delegate for foreign trade. 

“It is hoped that France will play an active role in boosting the signing and entry-into-effect of the pact as soon as possible,” Wang said during the meeting on Tuesday, adding it was a “win-win agreement”.  

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Update: China Scrambles To Save EU Investment Deal After Xi's Hardline Diplomacy "Backfires" (Zero Hedge)  

WNU Editor: The Chinese are not only focusing on France to reverse this EU decision .... Spanish PM touts EU recovery plan opportunities to China's Xi (Today Online).

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