EU-China Investment Deal Threatens US-Europe Relations
(Worthy News) – Just weeks before taking office, the incoming U.S. administration of President-elect Joe Biden has received an unwelcome housewarming gift from the European Union in the form of a wide-ranging investment treaty agreed to in principle between the EU and China.
The agreement, concluded this week after seven years of talks, is a significant coup for Germany, which saw its six-month term as EU president expire on Thursday and which sees China as a major market for its auto and other industries.
And it may be an even bigger win for Beijing, which is facing harsh global criticism over its human rights record and is seeking new foreign investment as many companies move operations out of the country in response to the U.S.-China trade war and other concerns. [ Source: VOA News (Read More…) ]
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