China has promised to import more high-quality products and services from France, after a European probe into Chinese electric vehicle exports supported by Paris threatened to spark a tit-for-tat trade dispute between the two countries.
China’s foreign minister Wang Yi, at a joint press event with his French counterpart, Stephane Sejourne, said China hoped that Europe’s de-risking policy was not targeted at specific countries and should not violate World Trade Organization (WTO) rules.
Wang says China is constantly relaxing market access, including promoting the flow of cross-border data, adding that China will do more to address French companies’ market access concerns.
Sejourne also stated that France will continue its talks on de-risking with China, and that it does not suggest that the European Union will take protectionist measures.
Europe has been pursuing a de-risking strategy and reducing dependency on China to retain its industrial edge and competitiveness.
