EU’s Dombrovskis: China could do a lot to help reduce our perception of risk
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.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
