China-EU trade deal strengthens Beijing’s hand in power game with the US

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The landmark investment treaty China and the European Union struck on Wednesday was nearly seven years in the making, giving the distinct impression of long, drawn-out negotiations.Indeed, for much of the previous six years, Beijing had dragged its feet and instead focused on satisfying Washington’s demands, leaving Brussels increasingly weary and frustrated.What went wrong for China and Australia, and what will happen next?But dynamics have changed since the beginning of last year, when…

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