The EU-CHINA pact on investments: when business and hypocrisy matter more than human lives
Merkel has succeeded. With an unprecedented tour de force and with unprecedented pressures on many skeptical countries, France, Poland and Italy in the lead managed to conclude the CAI, the "Comprehensive Agreement on Investments", which should form the basis for a single investment market between China and Europe.
What does this agreement contain? A set of rules common to China and the European Union that should facilitate the investment of European companies in China and vice versa. China has promised to open its market more to European companies in a little bit in all sectors, from real estate investments to industrial sectors and electric economic mobility. Of course, a handful of German and French multinationals will perhaps take advantage of this rule, while the rest of European companies will become a hunting ground for Chinese conglomerates. There are also special rules for the investments of state-controlled companies, thus also authorizing political penetration into the CCP Union. Among other things, the opening of Chinese real estate is an invitation to create some other real estate bubble that will allow the adequate clipping of investors, and of the European credit system.
The agreement is viewed negatively by Biden's US, however aware of Beijing's expansionism, and we wonder how compatible this is with the existence of NATO. He was also frowned upon by Macron but was rewarded with a small video box in the final discussion. A sop to the French claim to still count for something. Of course, Chinese companies are committed to hypocritical climate constraints, but NOTHING, literally NOTHING, has been written about political, human rights or even the prohibition of forced labor. The hypocritical Union has bowed to Chinese diktats and now, when it comes to human rights or the "rule of law", you are entitled to laugh in the face of the European or German politician.
This is a very bad agreement from which European countries in general, and Italy in particular, have nothing to gain. We will have a wholesale buyer for our properties, and an extra boss with an even heavier heel. But you can't say no to Mrs Merkel, she must always get everything, even when it's harmful.
This is why the current German-only Union is a practically absolute evil. Almost at the level of the CCP.
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The article The EU-CHINA pact on investments: when business and hypocrisy matter more than human lives comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/il-patto-eu-cina-sugli-investimenti-quando-affari-ed-ipocrisia-contano-piu-delle-vite-umane/ on Fri, 01 Jan 2021 15:11:15 +0000.