China has been busy on the diplomacy front, with French President Emmanuel Macron and European Commission President Ursula von der Leyen’s visit to China making headlines. During their meeting with President Xi Jinping, the Chinese leader stressed the need for cooperation on multiple fronts and expressed a desire for in-depth dialogue to address economic and trade issues, with the goal being to reach a mutually acceptable arrangement. Von der Leyen echoed these sentiments, conveying her eagerness to strengthen dialogue with China, restart the three dialogue mechanisms promptly, and engage in more mutually beneficial cooperation.
In this favorable atmosphere, many eagerly await a resolution to the deadlock on the China-EU Comprehensive Agreement on Investment (CAI). This agreement is of vital importance for stabilizing China’s foreign trade and investment and propelling future institutional openness.
