Switzerland Re-Examines the CCP’s Human Rights Abuses, Weakens Trade Ties With China
Switzerland, a European country known for its neutral foreign policy, released its first China Strategy document last year, with emphasis on the Chinese Communist Party’s (CCP) human rights issues—a move strongly opposed by the CCP. Since then, there have been some subtle relationship changes between the two countries.
Swiss commodities trading giant Mercuria Energy Group bought back all of the minority stakes held by the CCP’s state-owned China National Chemical Corporation (ChemChina) since 2016, Chinese financial news outlet Caixin reported on Oct. 27.
A Mercuria spokesperson said that the company bought the minority stakes in the third quarter of 2022 following a six-year commercial and strategic partnership under the terms and timeframe originally envisaged for the investment….