PARIS: The Chinese government’s top diplomat, State Councillor Wang Yi, said on Sunday it was possible to conclude an EU-China investment accord by the end of 2020.
“I am thinking of the investment agreement. We have the possibility of concluding it before the end of the year. It is important more than ever to take a step,” Wang Yi said, speaking at the IFRI think tank in Paris, via an interpreter.
Wang Yi said that what was happening in the Xinjiang region and Hong Kong was an internal Chinese matter and that other countries should not interfere.
French Foreign Minister Jean-Yves Le Drian earlier said that in a meeting with Wang-Yi he had reminded him of Paris’ deep concerns about the worsening human rights situation in those two regions.
Separately, the Financial Times newspaper reported that the Chinese telecoms equipment maker Huawei Technologies Co. Ltd. is focusing on its budding cloud business, which still has access to US chips despite sanctions against the company, to secure its survival. Huawei’s cloud computing business sells computing power and storage to companies, including giving them access to artificial intelligence, and has been growing rapidly, the newspaper reported on Sunday, citing sources.
In January, Huawei put the unit on an equal footing with its smartphones and telecoms equipment businesses, the FT reported.
The unit was stepping up its offerings and Beijing will increasingly support the company through public cloud contracts, according to the report.
The administration of US President Donald Trump has restricted technology exports to Chinese companies in particular, notably Huawei, citing national security risks.