French President Emmanuel Macron’s recent visit to Beijing has focused on securing a ceasefire in Ukraine and strengthening trade ties between France and China. Meeting with Chinese leader Xi Jinping, Macron’s discussions come at a time when the European Union is looking to enhance its economic policies in response to global trade dynamics.
A Grand Welcome
Upon his arrival, Macron and his wife Brigitte received a warm greeting from Xi and Peng Liyuan at the Great Hall of the People. Despite the chilly weather that required the ceremony to be moved indoors, the atmosphere was festive, complete with a band playing national anthems and children presenting flowers.
Key Topics of Discussion
- Ceasefire in Ukraine: Macron intends to persuade Xi to leverage China’s influence over Russia to establish a ceasefire, as the conflict enters its fourth winter.
- Trade Relations: The visit also aims to address trade imbalances—China is the EU’s largest trade partner, with a massive trade deficit of US$357 billion.
- Business Delegation: Macron is accompanied by a significant delegation of French business leaders, including top executives from Airbus and BNP Paribas, aiming to reinforce commercial ties.
According to French Foreign Minister Jean-Noel Barrot, “We are counting on China, like us a permanent member of the Security Council, to lean on Russia…” This reflects France’s hope that China can help broker peace talks.
Economic Insights
Macron’s representatives emphasised that it’s essential for China to consume more and export less, while Europe should increase production. The aim here is to reduce dependency on China in crucial sectors, particularly in technology.
China is France’s seventh-largest trading partner, with an annual trade volume of around US$35 billion. French exports primarily include cosmetics, aircraft components, and spirits, while imports consist mainly of inexpensive goods from online platforms.
Plans in Chengdu
On Friday, Macron will conclude his trip in Chengdu, where he will visit the sanctuaries housing the giant pandas recently returned from France. This visit not only highlights the cultural exchange between the two nations but also strengthens diplomatic ties amidst ongoing global tensions.