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Friday 21 May 2021

European Parliament to Freeze China Investment Deal

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BEIJING (CGTN Global Watch) – In a sign of worsening relations between China and the European Union, the European Parliament halted the ratification of a new investment deal with China until Beijing lifted sanctions on EU Politicians.

A major investment agreement between China and the European Union has been dealt another blow. On Thursday, the European Parliament passed a motion to freeze the ratification process, and urged China to lift sanctions on EU lawmakers, which were imposed earlier this year.

Beijing says the investment agreement is a balanced deal, not a “gift”.

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