Published: Sat, January 13, 2018
World News | By Laverne Osborne

Emmanuel Macron says European Union needs coordinated stance on Chinese trade

Emmanuel Macron says European Union needs coordinated stance on Chinese trade

Other business deals were made during the visit, including one for French state energy giant Areva to help build a nuclear spent fuel reprocessing plant in China.

That shift comes as China is now producing more of its own machinery and automobiles instead of importing them from countries like Germany - and it's now even competing with the European powerhouse in third markets, she said.

"I think he's right, China should open more, China is opening more", he told reporters on the sidelines of a business forum in Beijing.

"China is conducting its economic development strategy and, given the size of this market, it has an impact on globalisation as a whole", Mr Macron said during a visit to a start-up incubator in the city.

The two sides signed deals in the nuclear, aviation and other key sectors on the second day of Macron's first state visit to China.

Meanwhile, French beef producers hailed a deal reached during Macron's visit that China would end its embargo on French beef imposed in 2001 after Europe's "mad cow" disease scare of the late 1990s.

The French president also said China had assured him it would respect market-share parity between Airbus and Boeing.

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Macron and Xi met in Beijing on Monday, and more talks are expected Tuesday.

Both China and France are permanent members of the United Nations Security Council.

Other EU members including France and Germany are pressing Beijing to give their companies reciprocity, or the same access to its state-dominated economy that Chinese companies enjoy overseas.

Beijing had looked to Britain as an ally in the European Union. A position he did not hide during the visit.

Some analysts argue that given Chinese President Xi Jinping's frequent stated opposition to protectionism and support for globalization, he has no choice but to press ahead with reforms and soon.

"It's important. It's symbolic", said Brigitte Macron, whose husband campaigned as a centrist candidate in the French presidential election.

If China continues to ignore such calls, however, the relationship is likely to only continue to deteriorate.

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