Moody's on the EU-China agreement - mixed impact
The rating agency on the implications ahead, in brief:
- the EU-China pact
strengthens ties, posing mixed sectoral impact and wide geopolitical
implications
- China will likely also gain
political and economic benefits, but short-term challenges are likely
for some sectors in the near term
- The pact requires China
to further open up to EU businesses in an array of sectors, potential
credit positive for EU and its companies
- economic benefits from the
agreement for china will be more likely in the next five to 10 years
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