SCMP China reports: Sabine Weyand says the 2020 agreement with China is obsolete as Brussels weighs action on ‘macroeconomic imbalances’ The EU’s outgoing top trade official used her departing appearance at the European Parliament to pour cold water on the prospect of an investment deal with China, hinting instead that new weapons for dealing with Chinese “macroeconomic imbalances” could be on the way. The German official leaves her post at the end of the month. She quoted the EU’s former competition chief Margrethe Vestager, saying: “If something has been in the deep freezer for a long time, you shouldn’t take it out and serve it again.”
Originally reported by SCMP China. This story has been edited and re-presented by BRIC Team.
