France and China Collaborate on Market Access, Electric Cars, and Regulatory Framework

France's Finance Minister, Bruno Le Maire, stated that France seeks improved access to the Chinese market and a more balanced trade relationship, rather than decoupling from China. Le Maire emphasized the need to avoid legislative hurdles and barriers to accessing Chinese markets. While European officials aim to "de-risk" their dependence on China, Le Maire clarified that this does not imply viewing China as a risk, but rather ensuring supply chain independence. France is working on a plan to focus its and Europe's electric vehicle subsidies to enhance competitiveness, and welcomes Chinese investments in the automotive industry.