Sunday, 23 September, 2018

Macron urges European Union to take coordinated stance on trade with China

T110325Z_1952631655_RC1A1A722BF0_RTRMADP_3_CHINA-AUTOS-GM [Hal Brands] China hasn't won the Pacific (unless you think it has)
Ellis Copeland | 13 January, 2018, 05:42

Macron said details have yet to be completed and he gave no financial figures.

Macron said Xi had confirmed during their meeting that the Airbus order would be made.

Macron, 40, began the trip in the ancient Chinese capital of Xi'an.

"We believe that this visit will enhance mutual trust and cooperation between our two countries", Xi said.

During Macron's visit, French power group Areva signed a memorandum of understanding with China National Nuclear Corp for cooperation in nuclear waste processing. Mr. Macron didn't specify when the deal for the new planes would be finalized.

He took the opportunity to witness the signing of a contract with the Chinese online sales giant who has committed to sell on its platforms for 2 billion euros of French products to Chinese consumers over the next two years, while being ready to set up in France.

French President Emmanuel Macron on Tuesday asked the European Union and its member states to have a coordinated approach to their political and economic ties with China. New jet orders have historically featured during such tours by French leaders.

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The paper reported that Trump did not give any inkling if the two bitter rivals have had established any contacts as of yet. As a result of Chinese help so far, Trump said he has not been tough on China as he would like to be.


Macron, speaking briefly in Mandarin on Monday, repeated one of his favourite jabs at Trump, saying it was time to "make our planet great again".

"France imports 45 billion from China but only exports 15 billion, so we have access to markets which is unbalanced, unsatisfying".

"China is a country that fascinates me, like so many French people...[it is] the oldest living civilization - a 'state older than history, ' as Gen.de Gaulle once said", Macron said, according to Chinese state media.

France is tightening controls on Chinese investment to limit access to its technology, Finance Minister Bruno Le Maire said on an official visit to Beijing.

Macron's comments in a speech to Chinese and French entrepreneurs were a rare sobering note during a visit in which both governments appeared eager to promote closer relations. He was formally handed a second term and his name was enshrined in the party's constitution. They embraced multilateralism and praised institutions like the United Nations. US President Donald Trump visited the Chinese capital in November and was given a lavish welcome.

Accompanied by students from the French worldwide school, Mr Macron and his wife Brigitte walked through the imperial palaces of the Forbidden City.

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