EU President Charles Michel (left) attends a virtual meeting on December 30 with Chinese President Xi Jinping and other EU leaders to conclude negotiations on the EU-China investment pact. Given the climate of rising protectionism and geopolitical instability, some level of scepticism about the deal is understandable. But with proper implementation, it won’t be a worthless deal for the EU. Photo: Bloomberg
EU President Charles Michel (left) attends a virtual meeting on December 30 with Chinese President Xi Jinping and other EU leaders to conclude negotiations on the EU-China investment pact. Given the climate of rising protectionism and geopolitical instability, some level of scepticism about the deal is understandable. But with proper implementation, it won’t be a worthless deal for the EU. Photo: Bloomberg
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

China-EU investment deal must fight scepticism to reach full economic potential

  • China’s enthusiasm for the deal and the reform opportunities it affords are not enough. The EU must overcome scepticism and come fully on board for the deal to shine
  • The agreement is but a tool. Both sides need to demonstrate willingness to learn to use this tool to their advantage

EU President Charles Michel (left) attends a virtual meeting on December 30 with Chinese President Xi Jinping and other EU leaders to conclude negotiations on the EU-China investment pact. Given the climate of rising protectionism and geopolitical instability, some level of scepticism about the deal is understandable. But with proper implementation, it won’t be a worthless deal for the EU. Photo: Bloomberg
EU President Charles Michel (left) attends a virtual meeting on December 30 with Chinese President Xi Jinping and other EU leaders to conclude negotiations on the EU-China investment pact. Given the climate of rising protectionism and geopolitical instability, some level of scepticism about the deal is understandable. But with proper implementation, it won’t be a worthless deal for the EU. Photo: Bloomberg
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