The European Union’s investment pact with the Chinese Communist Party (CCP) has been characterised as a “real setback for the free world” by the founder of Hong Kong Watch, as human rights campaigners, diplomats, and others chastise the bloc for cosying up to the dictatorship in Beijing.
The EU-China Comprehensive Agreement on Investment (CAI) was signed in principle last week, following claims of concessions from the communist regime in Beijing. The deal, which has been characterised as the first stage of cooperation between the bloc and China, is said to pave the way for €120 billion in trade.
