Macron’s China visit critical to China–EU relations: former Polish deputy PM

Former Polish Deputy Prime Minister Grzegorz Kołodko said French President Emmanuel Macron's upcoming visit to China not only concerns the deepening of China-France bilateral cooperation but will also inject new vitality into China-EU ties.

At the invitation of Chinese President Xi Jinping, French President Emmanuel Macron will pay a state visit to China from Dec. 3 to 5.

In an interview with China Global Television (CGTN), Kołodko said Macron's visit will have a critical impact on China-Europe relations.

"I would say it's critical. I do remember his previous visit to China when he met with Chinese leader President Xi Jinping a couple of years ago. This visit of Macron has contributed not only to the bilateral cooperation between France and China, but also in getting momentum for improvement of the relations between whole European Union and China," he said.

Kołodko notes that today's geopolitical landscape is "more challenging and more complex" due to multiple global issues.

"From that reason, the political dimension of President Macron's visit, I think, is more important now than a couple of years ago. So do expect some good news from visit of President Macron to Beijing. We should support the deepening of the cooperation between China and France, because it is also good for the cooperation between the whole European Union and China," he said.

Macron’s China visit critical to China–EU relations: former Polish deputy PM

Macron’s China visit critical to China–EU relations: former Polish deputy PM

Macron’s China visit critical to China–EU relations: former Polish deputy PM

U.S. Federal Reserve (Fed) Chair Kevin Warsh said on Wednesday that "prices are too high" in the United States, reiterating the Fed's commitment to restoring price stability.

Speaking at the European Central Bank Forum on Central Banking in Sintra, Portugal, Warsh declined to say whether the Fed would raise interest rates at its July policy meeting. He said the central bank would "chart a new course" in conducting monetary policy, but gave no further details. He also stressed that the Fed would not provide forward guidance on future interest rate decisions.

Warsh said the Federal Reserve is establishing a number of task forces to review issues including monetary policy communications, economic data, productivity, inflation frameworks and balance sheet policy. He said reforms should be pursued if the current policy framework hinders effective policymaking.

U.S. Fed chair signals "new course" in monetary policy as prices remain "too high"