BRUSSELS -- A summit between the European Union and China that had been scheduled for next Tuesday in China to discuss trade relations, the euro zone crisis and the November G20 meeting has been postponed, an EU official said on Friday.
The official gave no reason for the decision, but leaders of Europe's single currency zone are now expected to hold a meeting in Brussels on Wednesday on efforts to deal with the financial crisis.
Chinese and EU leaders -- including Chinese Premier Wen Jiabao, European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy -- had been scheduled to meet in the Chinese city of Tianjin on Oct. 25.
Their talks were meant to cover the financial crisis, the G20 summit in early November and the possible launch of negotiations for an EU-China investment treaty that would promote and protect investment flows in both directions.
EU companies drawn to China's growing economy have been frustrated by Chinese restrictions on inward investment, which often require that foreign groups enter joint ventures and share their know-how with Chinese businesses.
China is also a big purchaser of euro-denominated assets. Analysts estimate that these account for about a quarter of China's $3.2 trillion in foreign exchange reserves, the world's biggest.
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