The European Union and China signed an investment agreement on Wednesday, December 30. “Very large sums are at stake. So far, Europe has invested 150 billion euros in China and in return, China has invested 113 billion euros in Europe.“, explains journalist François Beaudonnet on the 20 Hours set. The agreement has yet to be validated by the European Parliament, but the stakes are high.
“Until now, European companies had two big difficulties: they were forced to ally themselves with a Chinese company (…). The second difficulty: this European company had to transfer part of its technology“, explains François Beaudonnet. These rules should end.”In return, the telecoms giant Huawei hopes that this agreement will reopen the doors of Europe, which today were in the process of being closed.“, adds the journalist.
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