The European Union's outgoing trade chief, Sabine Weyand, has stated that the 2020 Comprehensive Agreement on Investment with China is now obsolete. Weyand suggested that the agreement was made for a different era and a different China, and should not be revived. Her comments come as the EU is considering new measures to address "macroeconomic imbalances" caused by China's economic model, with some EU officials citing China's relationship with Russia as a disqualifying factor for future deals. AI
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RANK_REASON Statement from a high-ranking EU official regarding a significant trade policy shift concerning China. [lever_c_demoted from significant: ic=1 ai=0.1]
