Published: May 31st, 2021,
Last updated: October 10th, 2022
The EU-China Investment Agreement (CAI) was supposed to open up the Chinese market and restrict onerous practices such as technology transfer. Now the agreement is on hold for the time being. And that could have far-reaching consequences for European companies in the near future. Felix Lee spoke about this with Liu Wan-Hsin. The economist at the Kiel Institute for the World Economy warns: Beijing is striving for independence from foreign countries. Companies will soon have to relocate factories to China. The CAI, on the other hand, would have ensured fairer competition. The halt to ratification is understandable and, at the same time, regrettable, according to Liu.