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EU Investment Deal With China Held Up by Beijing’s Sanctions

  • Bloc says it won’t ratify accord as long as sanctions endure
  • EU sets out strategy to counter state-funded Chinese takeovers
The European commission will announce details about a strategy to double production of semiconductors by 2030.

The European commission will announce details about a strategy to double production of semiconductors by 2030.

Photographer: Liesa Johannssen-Koppitz/Bloomberg
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The European Union signaled it won’t ratify an investment agreement with China as long as its officials are sanctioned in a clash with Beijing over alleged human rights abuses, as the bloc set out strategies to counter state-funded Chinese takeovers.

“The ratification process cannot be separated from the evolving dynamics of the wider EU-China relationship,” Valdis Dombrovskis, the bloc’s trade chief, told reporters on Wednesday, calling China’s retaliatory sanctions against officials including members of the European Parliament “unacceptable and regrettable.”