The European Union and China yesterday approved “in principle” a major investment pact that Brussels hopes will open up lucrative opportunities, despite concerns about Beijing’s rights record. EU chiefs Ursula von der Leyen and Charles Michel agreed with China’s President Xi Jinping to wrap up seven years of painstaking negotiations during a video conference that also included German Chancellor Angela Merkel and French leader Emmanuel Macron. The bloc said the deal, which is still expected to take months to be finalised and fully ratified as a legal text, was of “major economic significance” and had seen China commit to “an unprecedented level of market access for EU investors”. China’s sta
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