EU-China Trade Tensions Escalate; China Reaffirms Openness, Macron Calls for Coordination
Amid escalating EU-China trade tensions, Chinese Vice Premier Zhang Guoqing attended a summit hosted by French President Macron, reaffirming China's commitment to high-level opening-up. Macron warned that failure to coordinate on global imbalances could lead to drastic economic adjustments.
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- 📰 Published: June 12, 2026 at 13:14
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(Central News Agency, Taipei, June 12) Amid escalating EU-China trade relations, Chinese Vice Premier Zhang Guoqing attended the 'Global Convergence for Growth Summit' hosted by French President Emmanuel Macron via video link, stating that China is steadfastly expanding high-level opening-up. Macron stated that if global imbalances cannot be resolved through coordination, it could lead to drastic economic adjustments.
According to a Xinhua News Agency report on June 11, Chinese Vice Premier Zhang Guoqing attended and spoke at the 'Global Convergence for Growth Summit' via video link on June 11 upon invitation.
Zhang stated that China adheres to openness and cooperation, objectively views the comparative advantages of various countries, fosters a free and convenient trade environment, and practices true multilateralism. China is steadfastly expanding high-level opening-up and will continue to share development opportunities with other countries, injecting more certainty and stability into the world economy.
According to a Reuters report on June 11, Macron said in his video address that everyone's common goal is clear: to get the global economy back on a path of strong growth. To achieve this goal, domestic policies and effective international cooperation are needed.
Macron also stated that coordination is crucial. If the world's major economies cannot resolve global imbalances through coordination, these imbalances could intensify disorderly, leading to drastic economic and financial adjustments.
Participating countries in the 'Global Convergence for Growth Summit' included the G7 nations (France, the UK, Germany, Canada, the US, Japan, and Italy). Additionally, leaders from Brazil, India, EU institutions, and the International Monetary Fund also participated.
Reuters described China's participation in this meeting alongside G7 countries and the EU as unusual, as China has consistently criticized the G7 for lacking legitimacy in discussing international affairs and not representing the world order.
Recent EU-China trade frictions have intensified. The G7 summit to be held from June 15 to 17 will discuss how to respond to the influx of low-priced Chinese products into the European market. French officials stated that before the EU decides whether to adopt a tougher trade policy towards China, Macron hopes to engage with Beijing in a final effort to seek avenues for cooperation. (Editor: Chen Kaiyu / Zhu Jianling) 1150612
According to a Xinhua News Agency report on June 11, Chinese Vice Premier Zhang Guoqing attended and spoke at the 'Global Convergence for Growth Summit' via video link on June 11 upon invitation.
Zhang stated that China adheres to openness and cooperation, objectively views the comparative advantages of various countries, fosters a free and convenient trade environment, and practices true multilateralism. China is steadfastly expanding high-level opening-up and will continue to share development opportunities with other countries, injecting more certainty and stability into the world economy.
According to a Reuters report on June 11, Macron said in his video address that everyone's common goal is clear: to get the global economy back on a path of strong growth. To achieve this goal, domestic policies and effective international cooperation are needed.
Macron also stated that coordination is crucial. If the world's major economies cannot resolve global imbalances through coordination, these imbalances could intensify disorderly, leading to drastic economic and financial adjustments.
Participating countries in the 'Global Convergence for Growth Summit' included the G7 nations (France, the UK, Germany, Canada, the US, Japan, and Italy). Additionally, leaders from Brazil, India, EU institutions, and the International Monetary Fund also participated.
Reuters described China's participation in this meeting alongside G7 countries and the EU as unusual, as China has consistently criticized the G7 for lacking legitimacy in discussing international affairs and not representing the world order.
Recent EU-China trade frictions have intensified. The G7 summit to be held from June 15 to 17 will discuss how to respond to the influx of low-priced Chinese products into the European market. French officials stated that before the EU decides whether to adopt a tougher trade policy towards China, Macron hopes to engage with Beijing in a final effort to seek avenues for cooperation. (Editor: Chen Kaiyu / Zhu Jianling) 1150612
FAQ
What is the official name of this summit?
It is the 'Global Convergence for Growth Summit'.
In what capacity did Zhang Guoqing attend?
He attended as the Vice Premier of the State Council of China, via video link upon invitation.
What does Macron mean by 'drastic adjustments'?
He warns that without coordination, global imbalances could intensify disorderly, leading to drastic economic and financial adjustments.