At the eleventh hour of its painstakingly negotiated investment deal with the European Union, Chine tried to add a clause that would have frozen some of the benefits for EU states that restricted access for Huawei Technologies Co. and other Chinese telecom forms.
The deal took seven years to negotiate and is aimed at offering European firms better market access and trading conditions in China. It was finalised on December 31 by China’s president Xi Jinping, along with European leaders.
The insertion appeared in a draft negotiating text dated December 11, just before the parties finalised their bilateral investment pact.
The clause was struck – through by EU negotiators, with veteran officials pointing to a ‘classic’ Chinese negotiating move.