China and EU close in on investment deal as US casts wary eye

Brussels must reckon with internal split on Beijing and alarm in Washington

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German Chancellor Angela Merkel is seen on a screen during a video news conference after a virtual summit with China's President Xi Jinping in September. © Reuters

YASUO TAKEUCHI and IORI KAWATE, Nikkei staff writers

BRUSSELS/BEIJING --The European Union and China are stepping up talks on a landmark investment agreement before their year-end target, but U.S. skepticism and internal concerns about Beijing's human rights practices present Brussels with a difficult decision.

Negotiations picked up pace after Beijing switched to a more flexible stance. China has agreed to less-stringent requirements for joint ventures involving EU companies in finance and manufacturing, according to European media.

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