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'Pragmatic & Frank' Talks On Economy, Trade, Regulation-Xinhua

CHINA-EU

Chinese state media has spoken up talks between Chinese officials and EU counterparts, with Xinhua stating that: "China and the EU have agreed to promote regulatory cooperation as part of a two-way opening up of the financial sector...Representatives of China and the EU held 'pragmatic, frank and efficient' discussions over trade and economic issues during a video conference"

  • Chinese readout of much more optimistic in talking up cooperation than the presser coming from the European Commission following the 9th EU-China High-Level Economic and Trade Dialogue (link: https://ec.europa.eu/commission/presscorner/detail...).
  • On financial services, EU readout states: "Exchanges on financial services were constructive. This included a commitment by China to ensure that its future domestic regulations will not curtail the ability of European leasing companies to provide services throughout its territory."

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