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China pushes for resurrection of EU investment deal

Revival faces big political hurdles despite business support

Sanctions derailed the proposed European Union-China Comprehensive Agreement on Investment (CAI) in 2021.   © Reuters

HAMBURG, Germany -- China has stepped up lobbying of European Union decision-makers to revive a planned investment deal in its latest effort to improve ties with the Brussels-based bloc.

Beijing has proposed it and the EU simultaneously scrap sanctions that derailed the proposed Comprehensive Agreement on Investment (CAI) in 2021, but analysts say big hurdles remain to put the accord back on track.

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