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The South China Morning Post has recently published an article that  China ready to turn its attention to Europe in 2020  as a US trade deal gets closer.  

Opening paragraphs

China is preparing to turn its attention more fully to Europe next year, intensifying its engagement with the European Union even as it hammers out the terms of an interim trade deal with the United States.

Diplomatic sources noted progress on Beijing-Brussels ties this month with the signing of a long-awaited “geographical indication” agreement to improve protection for 100 regionally specific products, despite the “huge pressure” from the US on China not to sign the deal, because of its impact on US exports.

Key notes

  • After a year of intense focus on its relations with Washington, Beijing is preparing for a renewal in its ties with the EU.
  • A series of engagements are planned with Brussels next year, starting with a bilateral summit in April.


FX implications

More to come…