Sometimes there is only a year between success and failure. It was only on 30 December 2020 that an illustrious round of high-ranking politicians gathered for the video call to finalize the China-EU Investment Agreement (CAI). German Chancellor Angela Merkel, China’s President Xi Jinping, President of the European Council Charles Michel, President of the European Commission Ursula von der Leyen, and French leader Emmanuel Macron announced the political agreement for the years-long negotiated EU-China investment agreement on the eve of the New Year. One year later, CAI is practically dead.
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