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The EU is moving forward on the issue of granting China the status of market economy
The European Union is moving ahead with the process of China as a market economy for the development of trade, but is concerned about the glut of production. This was stated by a senior representative of the European Commission.
"We are in favor of free trade, but as long as overproduction hurts fair trade, it is very difficult to implement this free trade, -. Said Katainen, EC vice president of employment, growth, investment and competitiveness -. We are ready to fulfill our legal obligation, but we are not naive. " He told reporters that the EU is committed to negotiations with China on how to solve the problem of excess capacity.
"The EU expects increased investment from China in infrastructure projects", - said Katainen, who was in Hong Kong after attending the two-day EU-China summit in Beijing. He added that the British referendum results will not have any impact on the investment. "Brexit has no effect on investments in Europe. Of course, the overall uncertainty is always negative for investment and economic growth."
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