Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Hollande Ends Visit With Call for China to Open Markets

Don't Miss Out —
Follow us on:

April 26 (Bloomberg) -- French President Francois Hollande, speaking after a meeting in Beijing with Chinese President Xi Jinping, called on China to ease market access to narrow its trade surplus with France.

While France needs to improve its competitiveness, Hollande said he wanted more partnerships between the two countries beyond ones that have been signed in nuclear power and civil aviation. The plane deal involved 60 Airbus jets, which will be mainly built in China.

“I brought up the question frankly with the Chinese president, who is also aware that it’s not sustainable,” Hollande told reporters yesterday. “This means that we need to be engaged, that our competitiveness improves and that Europe returns to growth. But it also means more opening of the Chinese market, trade on more than just nuclear plants and aircraft.”

France runs a 26 billion-euro ($34 billion) trade deficit with China, according to French officials. Its trade deficit in 2012 totaled 67 billion euros.

To contact the reporters on this story: Mark Deen in Paris at markdeen@bloomberg.net; Gregory Viscusi in Paris at gviscusi@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.