Fund rules hold up China investment in EU infrastructure

Brussels

CHINA could invest up to 10 billion euros (S$15 billion) in Europe's new infrastructure fund, but a final decision is being held up by the complex mechanics of a deal to give Chinese technology companies a greater role in Europe, people familiar with the talks said.

Premier Li Keqiang had been expected to put a figure on China's contribution to the EU's 315 billion euro fund at an EU-China summit on June 29, part of Beijing's efforts to become a more advanced economy and not just the world's factory floor.