New E.U.-China Investment Deal Drives Wedge Between U.S. and Allies
New E.U.-China Investment Deal Drives Wedge Between U.S. and Allies Posted by John Chan | Jan 5, 2021 A newly signed investment deal between China and the European Union has drawn heavy condemnation from critics, and threatens to complicate efforts by the incoming Biden administration to establish a common position on China between the U.S. and its allies. Quickly signed in the final days of 2020, the Comprehensive Agreement on Investment (CAI) grants each side’s companies greater market access to the other’s territories, and would loosen a requirement that European businesses operate thr...