President Emmanuel Macron has offered to open up France to Chinese investment in exchange for greater access to Chinese markets for French companies, warning that existing trade imbalances would lead to protectionism.
Macron, who is on the second leg of a three-day state visit to China with a delegation of 50 business leaders, hopes this will help to reduce a 30-billion-euro (36-billion dollars) trade deficit with China.
Macron, who met President Xi Jinping on Monday evening, said the two countries would fall into a lose-lose situation if continued restrictions on foreign firms in China prompted France and Europe to put a brake on Chinese investment in Europe.
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