China has said an investment deal already seven years in the making can be agreed by the end of the year, but EU officials warn significant obstacles remain and insist they will not agree to unfavourable terms simply to cut a deal. — Reuters pic
“Even if there is a political objective to accelerate negotiations and conclude them by the end of the year, we will have this only if it is something worth having,” an EU official said. Washington and Beijing this week imposed reciprocal curbs on each other’s diplomats, after another tit-for-tat in July when the two governments ordered the closure of consulates in Houston and Chengdu.
Pompeo and Chinese Foreign Minister Wang Yi have both toured European capitals over the summer seeking to drum up support.
Source: News Formal (newsformal.com)
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