China says hopes EU investment deal negotiations can come to fruition at early date

FILE PHOTO: Chinese Foreign Ministry spokesman Wang Wenbin speaks during a news conference in Beijing, China November 9, 2020. REUTERS/Tingshu Wang/File Photo

(Reuters) – China’s foreign ministry spokesman Wang Wenbin said on Tuesday that he hopes negotiations on a China-EU investment deal can come to fruition at an early date.

Recently major progress has been achieved, said Wang, speaking at a regular news conference in Beijing.

China and the European Union are likely to clinch a deal this week that would give EU firms better access to the Chinese market, improve competition conditions and protect EU investment in China, European officials said on Monday.