SYDNEY — The EU and China have struck their long-awaited investment deal — but what is Beijing’s signature worth when it comes to trade pacts, and what does it cost?
- Zoya Sheftalovich and Ryan Heath
Australia, which has descended into a nasty trade fight with China, its biggest trading partner, has some uncomfortable answers for the Europeans on these questions.
The bottom line: top-level politics trumps trade every time.
Canberra’s experience shows the pitfalls of trying to balance economic policy with national security, regional politics and…