Editor’s note for Wednesday, December 30, 2020
A note from the editor of today's The China Project Access newsletter.
My thoughts today:
The EU-China investment dealย has been agreed upon in principle. The full text of the agreement has not yet been released, but the major points of the deal, according to the EU via Quartz:
- Removes restrictions, like joint venture requirements and foreign equity caps, for EU firms operating in parts of the financial, environmental, manufacturing, transport, telecoms, computer, and R&D sectors in China.
- Forces state-owned services firms to declare the subsidies they receive from the Chinese government.
- Outlines rules to prevent the forced transfer of technology as a condition for market access for EU firms in China.
- Commits China to โworking toward the ratificationโ of International Labour Organization conventions, which include a ban on forced labor.
More to read on the deal, and the obstacles, such as EU Parliament ratification, that remain before its implementation:
- China and E.U. leaders strike investment deal, but political hurdles awaitย / NYT (porous paywall)
- EU, China agree on terms of investment pact despite U.S. warinessย / WSJ (paywall)
- EU and China agree new investment treatyย / FT (paywall)
Our word of the dayย is EU-China Comprehensive Agreement on Investmentย (EU-China CAI, ไธญๆฌงๅ จ้ขๆ่ตๅๅฎ zhลngลu quรกnmiร n tรณuzฤซ xiรฉdรฌng).
โLucas Niewenhuis, Newsletter Editor (lucas@thechinaproject.com)
P.S. Happy New Year, dear Access subscribers! The newsletter will be off for the rest of this week, and we will be back in your inboxes on January 4, 2021.
