EU and Chinese Leaders Set to Give Blessing to Investment Accord
- Political approval planned in video conference on Wednesday
- Primary goal is to open Chinese market to foreign investors
European Commission chief Ursula von der Leyen
Photographer: Dursun Aydemir/Anadolu Agency/Bloomberg
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European Union and Chinese leaders are poised to announce a hard-fought agreement to expand opportunities in China for foreign investors.
European Commission chief Ursula von der Leyen and Charles Michel, who chairs the bloc’s summits, plan to speak with Chinese President Xi Jinping in a video conference on Wednesday to signal the successful completion of negotiations begun in 2013 on an EU-China investment pact, according to officials in Brussels.