EU sets out 10-point plan to rebalance China ties - Vanguard News Nigeria

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EU sets out 10-point plan to rebalance China ties - Vanguard News Nigeria
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EU sets out 10-point plan to rebalance China ties vanguardngr.com vanguardnews

European leaders will be asked to sign off on the proposals at when they meet next week in Brussels, with senior officials urging them to take action to protect EU values and standards, warning that China is a “rival” as well as the bloc’s biggest trading partner.

The EU last month also took a major step towards toughening up scrutiny of foreign takeovers, with trade commissioner Cecilia Malmstroem acknowledging there was “no secret” about concerns over China. “The EU must… more assertively promote reciprocity in our trade and investment relations, foster a level playing field and protect our economic, social and political models,” Katainen said.

Tuesday’s proposals include measures to push Beijing to agree to reforms of World Trade Organization rules, particularly on subsidies and forced transfers of technology.

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