China’s refusal to open its economy to foreign investment could backfire by encouraging European politicians to curb Chinese investments on the continent, the European Union’s trade chief has warned.
Karel de Gucht, the trade commissioner, told a business conference in Brussels that “important sectors in China remain closed or restricted to EU investors”.
He added: “The fundamental imbalance between our openness and China’s restrictiveness plays into the hands of those in Europe who see Chinese investments as a threat and argue that we should selectively screen Chinese investments into the EU.”
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