Macron's China visit will help boost his efforts for stronger China-Europe ties

French President Emmanuel Macron witnessing the signing ceremony between French and Chinese firms, at the Great Hall of the People in Beijing on Jan 9, 2018. PHOTO: AFP

BEIJING - French President Emmanuel Macron's visit to China may not have yielded much by way of concrete trade deals. But it was important in that it will help the French leader in his endeavour to push for closer European integration and paved the way for stronger Chinese-French ties, Chinese analysts said.

Western media have pointed out the lack of big trade deals during Mr Macron's visit to China from Monday to Wednesday, his first since taking power last year, and the first by a foreign leader this year.

Reuters reported a relatively small number of deals were announced during the trip and Bloomberg wrote, "despite bringing an entourage of more than 50 business leaders, the visit produced just a handful of confirmed business".

Aerospace company Safran signed deals to provide jet engines to Chinese airlines while Eletricite de France signed two energy-services contracts but the biggest prospective deals, for energy company Areva and aeronautical manufacturer Airbus, remained just statements of intent, Bloomberg said.

Mr Macron's trip comes at a time when the French economy and the European economy as a whole are recovering.

However, European unity is still facing challenges posed by Britain's decision to leave the European Union and the centrifugal tendencies of some EU members.

China's relations with Europe have been strained by the EU's blocking of Chinese acquisition of European high-tech firms and its refusal to recognise China as a market economy. The huge trade deficits the EU - and France - have with China do not help

matters.

Mr Macron arrived on Monday in the western city of Xian, an ancient Chinese capital

and the eastern end of the ancient trade routes linking China to Europe.

There he gave a speech in which he urged Europe to take part in China's Belt and Road

Initiative (BRI), an ambitious plan to revive ancient land and sea trade routes from China to Europe by building infrastructure in countries and territories along these routes.

However, he also called for "reciprocity" in trade ties between China and Europe, given that the EU's trade deficit with China in 2016 reached 175 billion euros. France itself has a trade deficit with the Chinese of 30 billion euros.

"We have an access to markets which is unbalanced, unsatisfying," Mr Macron told French and Chinese businessmen in Beijing on Tuesday.

However, his message to the Chinese was that "Europe is back" and that he planned to visit China every year of his term in office.

Chinese President Xi Jinping reciprocated by saying that China "stands ready to promote exchanges and enhance mutual trust and cooperation with France in order to inject new impetus into the development of the China-France comprehensive strategic partnership".

He added that China supported a bigger role for France in promoting European integration.

"We welcome France making contributions to the development of relations between China and Europe," he said. He added that the two sides should seize opportunities created by the BRI.

International relations expert Su Hao of the China Foreign Affairs University said while there were not many concrete trade deals, Mr Macron's trip was politically important. Noting France is one of the EU's main driving forces, he said: "China's support for and affirmation of France will raise its status within the EU."

Professor Xu Mingqi, who heads the European Studies Centre at the Shanghai Academy of Social Sciences, said Mr Macron's visit would be a positive factor in his efforts to push for Europe's integration.

Nothing that China-French ties have been good historically, he said Mr Macron's visit would build the foundation for stronger cooperation between the two countries. "Leaders' diplomacy is an important platform for building mutual trust and reaching understanding."

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