• China rejects reports of hitch in investment pact talks with EU

Market news

24 December 2020

China rejects reports of hitch in investment pact talks with EU

Reuters reports that the Chinese foreign ministry on Thursday denied that talks on an investment pact between the European Union and China had run into complications due to Chinese demands on nuclear power investment.

“As I understand, talks are goings smoothly,” Chinese foreign ministry spokesman Wang Wenbin told a news briefing on Thursday.

“The news about talks being stuck because China has put up more requests about nuclear energy is fake,” Wang said.

He did not deny or confirm that China had made fresh demands on nuclear energy investment.

“China wants to invest in European nuclear power plants and use Chinese technology in this area,” WirtschaftsWoche cited EU sources as saying.

During the negotiations, China had indicated to its European counterparts that it viewed its own technology in this field as more advanced, the report said.

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