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French senator expects Macron's China visit to bring better bilateral alignment, closer cooperation

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French senator expects Macron's China visit to bring better bilateral alignment, closer cooperation

2025-12-02 21:41 Last Updated At:22:07

French Senator Thierry Meignen said that President Emmanuel Macron will seek better political alignment and closer cooperation in trade and advanced technology during his upcoming visit to China.

Macron is scheduled to pay a three-day state visit to China from December 3 to 5. It will be his fourth state visit to China and a reciprocal visit to President Xi Jinping's historic state visit to France last year that marked the 60th anniversary of the establishment of diplomatic relations between the two countries.

Noting that the visit will take place against the backdrop of a fluid and turbulent international situation, Meignen told China Global Television Network (CGTN) that Macron intends to share a more constructive and forward-looking vision with his Chinese counterpart on international political issues.

"The visit comes at a complicated moment in international relations, with President Trump in the United States and tariffs creating a generally difficult context, along with issues like the war in Ukraine and Gaza. I think the French president, President Macron, is coming to China to seek partners and support during this visit. Our country, France, and China are sometimes distant instead of being able to come closer together, but we have a long history and something in common. There is diversity, and I think our countries need to get closer and have an aligned vision of international politics," he said.

The senator pointed out that strengthening bilateral trade remains a strategic priority at this moment of economic uncertainties and geopolitical tensions.

"China has a very large market, and France needs to export its products. It also needs, in several areas, to rely on Chinese expertise. I think this is the area that the president wants to explore and better develop," said Meignen.

China is France's largest trading partner in Asia, while France is China's third-largest trading partner and the third-largest source of actual investment within the European Union.

Meignen said that rather than simply importing and exporting products, the high-tech sectors hold the greatest potential in cooperation between these trade partners as France attempts to catch up with China and the United States in the technological race.

"Today, we know that China is ahead in the field of advanced technologies, and this is probably why people come to China -- to seek cutting-edge technology. France used to specialize in a number of areas, such as the aerospace industry and high-speed trains. Today, I think we are somewhat behind in these sectors. And then there is artificial intelligence, which will be a key issue for the future. I believe France fears it has fallen slightly behind China and the United States. These are the issues, I think that during Macron's visit to China, discussions will be held around these issues," said Meignen.

French senator expects Macron's China visit to bring better bilateral alignment, closer cooperation

French senator expects Macron's China visit to bring better bilateral alignment, closer cooperation

The Shanghai Futures Exchange on Thursday officially listed options contracts for hot-rolled coil, stainless steel, and low-sulfur fuel oil upon approval from the China Securities Regulatory Commission.

On their debut day, the three new commodity options saw a total of 236 contracts listed for trading. This included 48 contracts for hot-rolled coil options, 50 for stainless steel options, and 138 for low-sulfur fuel oil options.

China is the world's largest consumer of hot-rolled coil and stainless steel, as well as a major consumption market for low-sulfur fuel oil in the Asia-Pacific region.

The introduction of these commodity options will provide related enterprises with a broader array of tools and strategies to manage risks and ensure steady operations, according to analysts.

"China's futures and options product system has been further enriched, now offering comprehensive coverage across the major sectors of non-ferrous metals, ferrous metals, precious metals, and energy and chemicals. This enables investors to combine futures and options to separately manage directional price risks and price volatility risks, while allowing enterprises to manage the price risks they face with greater precision," said Huang Wei, director of the futures and derivatives department at the Shanghai Futures Exchange.

Shanghai Futures Exchange launches trading for hot-rolled coil, stainless steel, low-sulfur fuel oil

Shanghai Futures Exchange launches trading for hot-rolled coil, stainless steel, low-sulfur fuel oil

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