The Traderszone Network

Published in TZ Latest News 12 July, 2015 by The TZ Newswire Staff

China’s bid to extend economic diplomacy entangled in EU fund rules

China could invest up to 10 billion euros ($11.1 billion) in Europe’s new infrastructure fund, but a final decision is being held up by the complex mechanics of a deal to give Chinese technology companies a greater role in Europe, people familiar with the talks say. Premier Li Keqiang had been expected to put a figure on China’s contribution to the EU’s 315 billion euro fund at an EU-China summit on June 29, part of Beijing’s efforts to become a more advanced economy and not just the world’s factory floor. “China wants to invest between 5 to 10 billion euros initially.