Three takeaways from China-France High-Level Dialogue

Monday's eighth China-France High-Level Economic and Financial Dialogue was very important for preparing for the next stage of high-level exchanges between China and France and promoting the greater development of the bilateral relations post-COVID-19, said Chinese Foreign Ministry spokesperson Wang Wenbin on Tuesday.

There is huge potential for cooperation between the two countries, Wang said, stressing that China is willing to work with France to deepen cooperation in various fields, and maintain close communication and coordination on major international issues.

According to Wang, the dialogue achieved positive results in three aspects. 

Multilateral cooperation

The two sides conducted extensive and in-depth exchanges on cooperation to promote the recovery of the world economy post-COVID-19 and ways to deepen practical cooperation between China and France, Wang said, adding the dialogue deepened mutual understanding and enhanced mutual political trust between the two countries. 

Intl macro policy coordination 

On international macroeconomic policy coordination, China and France reached 54 specific cooperation results, involving economy and trade, agriculture, aerospace, civil nuclear energy, technological innovation, finance, third-party markets, and other fields, according to Wang.

This reflected a strong consensus between the two sides on deepening bilateral economic and financial relations, he said. 

Global partnership for sustainable development

The two sides vowed to enhance the implementation of the global partnership for sustainable development, support the G20 to play a key role in improving global economic governance, and oppose any form of protectionism, Wang said. 

China and France will also join hands to respond to global challenges including COVID-19 and climate change, safeguard multilateralism, and maintain the stability of the global industrial and supply chains, he added. 

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