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The World Bank released a report on June 29 to revise China’s economic forecast this year up to 8.5%. President Xi Jinping held a summit with French President Macron and German Chancellor Merkel in Beijing a few days ago. Both President Macron and Chancellor Merkel voiced their support for reaching the investment agreement between China and the EU. Where does the investment agreement stand now? How would you see the implications of this summit on pushing forward with China-EU trade and economic engagement?(2021-07-08)

On July 5, President Xi Jinping held a virtual summit with French President Macron and German Chancellor Merkel. They reached a series of important consensus that provided strong political guidance to the two sides to expand mutually beneficial and win-win cooperation and properly handle global challenges, and greatly boosted corporate confidence in deepening cooperation.

As two economic powerhouses, China and the EU are highly complementary economically and have enormous cooperation potential to tap into. Since the outbreak of COVID-19, the two sides have tided over difficulties to deliver trade growth and steady investment increase despite challenges posed by the pandemic. Strengthened trade and economic cooperation between China and the EU will enhance the peoples’ well-being of the two sides, facilitate their joint efforts to tackle global challenges and promote economic recovery of the world.

The China-EU investment agreement serves the common interest of both sides and of the world at large. The two sides are now engaged in legal scrubbing, text translation and other technical work. Thank you.