Speaking at the Tsinghua University in Beijing on Monday, European Union’s (EU) Trade Commissioner Valdis Dombrovskis said “Europe's economic ties with China are deep, but China could do a lot to help reduce our perception of risk.”

Additional quotes

"Their ambiguity allows too much room for interpretation.”

"This means European companies struggle to understand their compliance obligations: a factor that significantly decreases business confidence and deters new investments in China."

This comes after the EU has long complained about a lack of level playing field in China and the politicization of the business environment.

Market reaction

The Euro is little affected by the above comments, leaving EUR/USD gyrating in a narrow range at around 1.0650, as of writing.