China and EU reach investment deal, but risk friction with US Broad agreement addresses long-standing concerns, Biden camp warns against haste Chinese President Xi Jinping, top left, and European leaders attend a videoconference Dec. 30 on the investment deal. © Reuters YASUO TAKEUCHI and IORI KAWATE, Nikkei staff writersDecember 30, 2020 23:14 JSTUpdated on December 31, 2020 04:56 JST BRUSSELS/BEIJING -- China and the European Union struck a sweeping agreement Wednesday on an investment pact that will deepen ties between the world's second- and third-largest economies, despite a warning from the incoming U.S. administration over rushing into a deal. The two sides wrapped up talks on the broad outlines of the Comprehensive Agreement on Investment in a video meeting attended by Chinese President Xi Jinping, European Council President Charles Michel, European Commission President Ursula von der Leyen, German Chancellor Angela Merkel and French President Emmanuel Macron. More..... https://asia.nikkei.com/Politics/In...ach-investment-deal-but-risk-friction-with-US
I also read about China and the EU's investment deal. The deal is expected to give a boost to European companies seeking to enter the Chinese market and revive European economies that have been hit hard by the coronavirus pandemic.