You are here: Home » Reuters » News
Business Standard

EU needs united approach on foreign investment to gain China's respect - Macron

Reuters  |  BEIJING 

(Reuters) - needs a united approach in protecting its strategic assets from foreign takeovers if it wants to be respected by China, French said on Wednesday.

On the final leg of his three-day visit to China, urged leaders from other countries to be more careful about the assets they allow to be taken over.

"has often shown itself divided about China," told the French community in "And won't respect a continent, a power, when some member states let their doors freely open."

is pushing for foreign investment in strategic sectors in the region to be screened at the level, but many poorer member states who rely on Chinese investment have sought to water it down.

"China, which is a great power, does not respect a country that sells its essential infrastructures to the lowest bidder," he said.

hopes its negotiations on an investment pact with will reach a "decisive stage" this year, the to the world's second largest economy said separately on Wednesday, calling on to honour its pledge to open its economy to the world.

(Reporting by Michel Rose; additional reporting by Philip Wen; Editing by and Sam Holmes)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 14:06 IST