French President Emmanuel Macron has called on Beijing to rebalance the trade relationship after meetings with Chinese Communist Party (CCP) leader Xi Jinping in Beijing.
“Europe and China have a role to play in laying, alongside other partners, the foundations for fair and robust global economic governance based on rules and not the law of the strongest,” Macron said at a joint news conference with Xi on Dec. 4.
Macron said the European Union should undertake reforms to enhance its competitiveness. China, he said, should work to boost domestic consumption while increasing its direct investment in the EU, particularly in France.
“The imbalances that are accumulating today are unsustainable,” Macron said. “They pose a risk of financial crises. They imperil our ability to grow together.”…
Macron Urges Xi to Narrow ‘Unsustainable’ Trade Gap
