Macron's China visit underscores economic tensions

Image
AP Beijing
Last Updated : Nov 04 2019 | 1:40 PM IST

French President Emmanuel Macron is visiting China this week amid a push for Beijing to open its markets, despite festering trade disputes and weakened consumer spending.

Macron arrives Monday in Shanghai where he is to visit a sprawling import fair before traveling to Beijing for a state visit on Wednesday.

The trip comes as France and its partners are demanding China make good on its commitments to boost imports of agricultural products and manufactured goods while opening its market for financial products and other services.

France and the European Union have joined the US in complaints over Chinese trade practices they consider unfair.

Meanwhile, China is grappling with slumping demand that has kept economic growth to just 6 per cent in the latest quarter, the lowest level in almost 30 years.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 04 2019 | 1:40 PM IST

Next Story