France's Le Maire presses China on market access and lobbies for electric car investment
The French finance minister says he pressed Chinese leaders to open their markets wider to foreign companies
BEIJING — The French finance minister said Sunday he pressed Chinese leaders to open their markets wider to foreign companies and lobbied for investment in France’s electric car industry, as the European Union’s second-largest economy followed Washington in reviving post-COVID economic talks amid tension over Beijing’s surging trade surpluses.
Bruno Le Maire also defended Paris’s controls on foreign access to technology after authorities said two Chinese citizens are under investigation for what news reports say is possible smuggling of French-made processor chips with military uses to China and Russia.
Le Maire met Saturday with Vice Premier He Lifeng, Beijing’s top envoy on economic issues. He followed Treasury Secretary Janet Yellen, who visited Beijing on July 9-10 as part of U.S. efforts to revive frosty relations with China.
Chinese officials gave Le Maire and Yellen a warm welcome as part of efforts to reverse an economic slump by reviving foreign investor interest. But Beijing has given no indication of possible changes in technology and other policies that its trading partners say violate Chinese market-opening commitments.
Officials of the 27-nation European Union are trying to narrow a trade deficit with China that swelled to 396 billion euros ($432 billion) last year. Le Maire cited cosmetics, aerospace and agriculture as possible areas for more French exports.
“There is a need to improve access to the Chinese market. I think that it was at the core of our discussions,” Le Maire said in an interview at the French Embassy. “We want to have a stronger economic relationship between Europe and China,
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