Emmanuel Macron urges China, EU to avoid pitfalls of protectionism
Macron is on the second leg of a three-day state visit in China with a delegation of 50 business leaders he hopes will help reduce a 30-billion-euro ($36-billion) trade deficit with China.
French President Emmanuel Macron, left, shakes hands with Chinese Premier Li Keqiang as he arrives for a meeting at the Great Hall of the People in Beijing, China, January 9, 2018. (REUTERS/Mark Schiefelbei)
President Emmanuel Macron on Tuesday offered to open up France to Chinese investment in exchange for greater access to Chinese markets for French companies, warning that existing trade imbalances would lead to protectionism. Macron is on the second leg of a three-day state visit in China with a delegation of 50 business leaders he hopes will help reduce a 30-billion-euro ($36-billion) trade deficit with China.
“We have an access to markets which is unbalanced, unsatisfying,” Macron told members of the French and Chinese business community at a start-up incubator in Beijing.
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