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The 35th round of negotiations between China and the European Union on investment ended on Friday, with an agreement described as historic, which will be signed before the end of the year, according to the Chinese newspaper “Global Times”.
While this agreement documents economic relations between the European Union and China, the Trump administration increasingly seeks to scale to weaken Beijing and neutralize its influence with the European ally, weeks before the handover of power in the White House to President-elect Joe Biden, who aims to return relations with Europe to what they were before. Mandate of President Donald Trump. Joe Biden explicitly calls for an alliance between the United States and Europe “in the face of increasing Chinese influence around the world.”
Beijing fears that Washington’s return to its old relations with Europe, as the leader of the Western bloc, will negatively affect its interests in the old continent, while the European Union tries to promote its interests through a meticulous maneuver in the context of tensions. between Washington and Beijing.
However, Chinese experts are not so much pessimistic about the US / European rapprochement as they are apprehensive, as they do not believe in the possibility of a swift and full return of Brussels and Washington ties to their former status, given the long and intractable ‘ list of problems’ among them, in the fields of commerce, taxes on digital services, carbon tax and the budget. NATO, the Iranian nuclear program, the relationship with Turkey and others, that Joe Biden will not be able to solve and will not be able to neutralize at lightning speed, because his first priorities remain the internal and deep problems of his country. Meanwhile, China could benefit from the soft period of closer ties with the European Union.
Source: Russia today
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