China hopes France can 'stabilise the tone' of EU-China relations, vice-premier He Lifeng told his French counterpart in Beijing on Saturday, as European leaders debate how balance 'de-risking' and cooperating with the world's second-largest economy.
China's Vice Premier He Lifeng and French Economy and Finance Minister Bruno Le Maire attend the China-France Economic and Financial Dialogue at the Diaoyutai State Guesthouse in Beijing, China, July 29, 2023. REUTERS/Thomas Peter
He also told French Economy Minister Bruno Le Maire that China is willing to deepen cooperation with France in traditional areas such as finance as well as in science and technological innovation, as the two sides meet for their ninth Economic and Financial Dialogue. China is France's third largest trade partner behind the European Union and the United States, but French firms are becoming increasingly concerned they could get caught in the cross-fire of rising economic rivalry between the world's two economic superpowers.
Le Maire said the three challenges the two countries should work together on are the green transition, re-organisation of value chains, and technological revolution, while also raising market access issues for French companies in the banking, nuclear, cosmetics and agricultural industries.
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