European lobby group in China urges EU to sign Beijing deal

European lobby group in China urges EU to sign Beijing deal

Critics say the investment agreement hands Xi a victory on the eve of Biden’s inauguration

EU leaders should sign a business investment agreement with China despite opposition to the pact from European MPs and members of the incoming Biden administration, according to the head of the European Chamber of Commerce in China.

On Tuesday, Jake Sullivan, whom President-elect Joe Biden has selected as his national security adviser, said the new administration would welcome discussions with the EU on “our common concerns about China’s economic practices”.

Critics of the China-EU Comprehensive Agreement on Investment, which is nearing completion after seven years of negotiations, said it would hand President Xi Jinping a strategic victory on the eve of Mr Biden’s inauguration.