MNI POLICY: China-EU See 5G Difference, Commits to BIT: MOFCOM

China and the E.U. acknowledged differences of opinions in areas including 5G and foreign investment assessments after a meeting on Tuesday, while still pledging to complete negotiations and sign an investment treaty this year, China's Ministry of Commerce said.

The statement followed a virtual exchange between China's Vice Premier Liu He and the Executive Vice President of the European Commission Valdis Dombrovskis on Tuesday. The Ministry said the two "frankly exchanged views" on issues such as 5G and also "exchanged in-depth views" on overcapacity.

Both China and the E.U. noted "the significant progress" made in the China-EU investment agreement negotiations, the statement read. China and the EU also agreed to coordinate policies to promote global economic recovery, and China invites European financial companies to set up investments in China, the Ministry said.