Speaking at the Tsinghua University in Beijing on Monday, European Union’s (EU) Trade Commissioner Valdis Dombrovskis said “Europe’s economic ties with China are deep, but China could do a lot to help reduce our perception of risk.”
Additional quotes
“Their ambiguity allows too much room for interpretation.”
“This means European companies struggle to understand their compliance obligations: a factor that significantly decreases business confidence and deters new investments in China.”
This comes after the EU has long complained about a lack of level playing field in China and the politicization of the business environment.
Market reaction
The Euro is little affected by the above comments, leaving EUR/USD gyrating in a narrow range at around 1.0650, as of writing.
Source: https://www.fxstreet.com/news/eus-dombrovskis-china-could-do-a-lot-to-help-reduce-our-perception-of-risk-202309250234