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Open Markets, Macron Tells China, or Risk Protectionist Backlash


(France 24/Reuters/Agence France-Presse)

French President Emmanuel Macron focused on trade imbalances on the second day of his state visit to China, offering to open up France to Chinese investment in exchange for greater access to Chinese markets for French companies.

Speaking to members of the French and Chinese business community at a start-up incubator, called Soho3Q, in Beijing, Macron warned that existing bilateral trade imbalances would lead to protectionism.

“We have an access to markets which is unbalanced, unsatisfying,” said Macron.

“If we don’t deal with this responsibly, the first, natural, reaction will be to close up on both sides.”

Macron was in China on his first state visit aimed at boosting trade relations as well as Sino-French cooperation on the global fight against climate change and terrorism, particularly in Africa. Click here to read more.

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