Brussels has branded China a “systemic rival” and threatened tighter rules on its investments in Europe as some of the largest EU countries push back on Beijing’s contentious Belt and Road Initiative.
In a paper released on Tuesday, the European Commission and the EU’s diplomatic unit called on China to stop unfair treatment of European companies and investment practices that threatened the rule of law in recipient countries and risked plunging them into debt.
“There is a growing appreciation in Europe that the balance of challenges and opportunities presented by China has shifted,” the document reads. “China’s publicly stated reform ambitions should translate into policies or actions commensurate with its role and responsibility.”
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