EU agrees investment deal with China to rebalance ties

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The European Union and China agreed to an investment pact, which Brussels believes will help redress what it sees as imbalanced economic ties

The agreement was negotiated for nearly seven years and is likely to take at least another year to enter into force. It forms part of a new relationship with China, which the EU views as both a partner and a systemic rival.

Companies that could benefit include Daimler, BMW, Peugeot, Allianz and Siemens, all with a large presence in China. Macron offered to visit China in the coming months along with German Chancellor Angela Merkel to discuss other areas of cooperation. The deal includes commitments on climate change and labour rights, including forced labour, a first for China.

“No major power, not least China, gives anything for free, so there will be a trade-off. It’s just not in the agreement,” he said.

 

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Great let’s do more business with the country forcing millions of people into concentration camps. This didn’t go poorly at all last time.

and both of them agreed to exploit Africa .(All of them want to exploit all Africa )

When will we know what caused this virus to be unleashed on the world?

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