Business 'on the ground' doing fine, despite EU-China deal deadlock
CGTN Europe
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2m 39s
The China-EU trade deal stand-off looks lets to continue said Joerg Wuttke, the president of the European Union Chamber of Commerce in China after the two powers introduced sanctions on one another.
"It's very difficult for politicians to step down from that," noted Wuttke on tit-for-tat sanctions, "There's no exit ramp. It's very easy to impose sanctions, very difficult to get rid of them."
Despite the deadlock, Wuttke emphasised that the high volume of trade between the bloc and China indicated that both "like each other's products" and their relationship "has been incredibly stable for quite a long while, adding: "We have a little bit of toxic air among the politicians, but business on the ground is just doing fine."
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