Hopes fade for China-EU investment deal as Ukraine war dominates summit

China is looking to mitigate the effects of the Russia-Ukraine conflict on its ties with the European Union with continued trade but hopes are fading that it can be through a revival of a landmark investment deal. In a sign of a lack of progress, no joint statement was issued after Friday’s summit – the first between the EU and China since 2020. And neither side indicated any progress on the EU-China Comprehensive Agreement on Investment (CAI), which was signed a year ago but has yet to be…

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