How Can Sino-French Cooperation Contribute towards Global Economic Recovery?
China and France have traditionally strong economic ties. The two sides held their latest high level economic and finance dialogue via video link yesterday. For more on Sino-French cooperation, Ge Anne invited Adjunct Professor Ivo Ganchev (Beijing Union University) to join her on The Beijing Hour. You can listen to the full episode of the show from Sep 14, 2020 on the China Plus website and to the interview excerpt from the Listen section of this website. A full transcript of the excerpt is also available below.
Ge Anne: How can China and a France contribute towards global economic and financial stability and made a COVID-19,
Ivo Ganchev: There are a few ways that they can do this so first I hope that China and France will continue to mutually support their economic recovery, and in this way they can also act as regional drivers that help their neighbors and region, pull through and get back to normal. second final French cooperation and coordination can serve as a vehicle to promote China your relations now this is because the bilateral relationship is an example of what can be achieved if the EU approaches its relationship with China in a more systematic manner, and also because we see frequent bilateral dialogue between China and France we’re both they communicate their broader concerns in more detail, and with less immediate pressure so this can hopefully inform China unit associations in the future. And third, both China and France are supporters of multilateralism, and their voices are very strong and global and regional politics. So in this sense, they keep submit to a sheer spam on promoting a process of re globalization after the pandemic. And finally, one area that I would encourage China and France to be further cooperation even further in is promoting green energy and leading by example when it comes to combating climate change, so the world right now needs green energy innovation, and hopefully France and China can provide this
Ge Anne: At the bilateral level, what do you think about the prospects of their economic partnership with the reopening of the EU?
Ivo Ganchev: The bilateral partnership has been consistently deepening for the past couple of decades really, and I expect this to continue as Europe reopened. So last week. Foreign Minister Wang Yi spoke to the French president’s diplomatic counselor Emmanuelle Bonn, and they agreed to work more actively on the China EU investment agreements and to deepen cooperation and other fields such as biodiversity. In terms of the Sino-French partnership more broadly, economic cooperation is very strong. There are many organic bilateral trade exchanges including large quantities of exports on both sides, Chinese electronic equipment, and French cosmetic products so very notably, and tourism has developed very well in the past two years as well. Last year, President Macron and President Xi signed a series of large scale agreements covering various sectors including aviation, French exports, a cooperation fund – and these are just a few examples, among others. So, after the EU reopens, I would definitely expect final French cooperation to continue to progress.
Shane Bigham: That was Adjunct Professor Ivo Ganchev in Beijing Union University commenting on the China, France economic partnership.