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Wednesday, December 30, 2020, 23:33
President Xi hails investment treaty with EU as talks conclude
By Xinhua
Wednesday, December 30, 2020, 23:33 By Xinhua

Chinese President Xi Jinping meets with President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen via video link in Beijing, capital of China, June 22, 2020. (XIE HUANCHI/XINHUA)

BEIJING - President Xi Jinping said Wednesday that the investment treaty between China and the European Union (EU) will make significant contributions to the building of an open world economy.

Xi made the remarks during a meeting with German Chancellor Angela Merkel, French President Emmanuel Macron, President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen via video link.

The agreement will provide greater market access, higher level of business environment, stronger institutional guarantees and brighter cooperation prospects for mutual investment, President Xi said

During the meeting, Xi and the European leaders announced that China and the EU have completed investment agreement negotiations as scheduled.  

ALSO READ: China-EU investment deal anticipated soon

The treaty will greatly boost world economic recovery in the post-pandemic era, promote the liberalization and facilitation of global trade and investment, as well as enhance the international community's confidence in economic globalization and free trade, Xi said.

The investment treaty has shown China's determination and confidence to push high-level opening up, Xi said.

The agreement will provide greater market access, higher level of business environment, stronger institutional guarantees and brighter cooperation prospects for mutual investment, Xi said.

Open up new prospects in 2021

China and the EU, as two major global forces, markets and civilizations, should demonstrate a sense of responsibility and work jointly to nurture new opportunities and open up new prospects in the upcoming year of 2021, President Xi said.

ALSO READ: Xi's views on opening-up

He called on the two sides to take active actions in strengthening dialogue, enhancing mutual trust, deepening cooperation, and properly managing differences.

Xi also urged the two sides to coordinate their actions in fighting the COVID-19 pandemic, jointly promote economic recovery, align their development strategies, speed up green development, and advance multilateral cooperation. 

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