The latest story here is that the EU has refused to hold a flagship economic meeting with China, also known as the EU-China High-Level Economic and Trade Dialogue, ahead of the EU-China leaders’ summit next month. For some context, the economic meeting is one often regarded as laying the groundwork before any major meet up between higher level officials from both countries.
One of the sources said that "China would like to have it (the economic dialogue), but we are seeing no progress in all of our talks". Another mentioned that the EU will only participate in the meeting if there were agreements at the summit to implement.
The other way to look at this is that this year marks the 50th anniversary of bilateral relations between the two sides. And at the upcoming leaders' summit next month, Beijing has opted for premier Li Qiang to be its representative instead of president Xi Jinping. So, perhaps Brussels is taking that as a bit of a slap in the face and is deciding to slap back.
This article was written by Justin Low at www.forexlive.com. Read More Details
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