February 27, 2024

FRANCE/CHINA: French finance minister Bruno Le Maire has expressed France’s need for higher entry to the Chinese language market and urged Chinese language leaders to open up their markets and put money into France’s electrical automotive business. The discussions come amid tensions over Beijing’s commerce surpluses and expertise entry.

French officers have defended Paris’ restrictions on overseas expertise entry following an investigation into alleged smuggling of French processor chips by two Chinese language people. Nonetheless, they’ve additionally emphasised the necessity for stronger financial ties and collaboration with China on points like nuclear energy, financing for creating nations, and local weather change.

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The European Union is working to scale back its commerce hole with China, and France is contemplating growing exports in sectors similar to cosmetics, aerospace, and agriculture. Le Maire’s go to additionally goals to stimulate overseas investor curiosity in France’s electrical automobile market.

Whereas the talks have been centered on financial cooperation, the battle between Russia and Ukraine and China’s function in it has additionally been mentioned. Le Maire emphasised that ending the battle could be in Beijing’s finest pursuits and contribute to international progress and stability.

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On the similar time, France is taking measures to safeguard its vital applied sciences and be certain that French sovereign applied sciences aren’t accessed by overseas international locations. French authorities are investigating potential expertise transfers to China by a Chinese language investor who acquired management of a French chipmaker.

Total, France seeks to strengthen financial ties with China and enhance market entry, slightly than partaking in decoupling efforts. The discussions goal to foster cooperation and collaboration in numerous sectors for mutual profit.

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