• Macron emphasizes the need for cooperation on economic rebalancing and peace in Ukraine.
• China and France committed to enhance their comprehensive strategic partnership.
• Discussions include the EU's trade deficit and calls for fairer global trade rules.
• The visit resulted in 12 cooperation agreements in various sectors.
• No major business deals were finalized, particularly regarding Airbus orders.

French President Emmanuel Macron has commenced a significant three-day visit to China, with key discussions focused on addressing trade imbalances and seeking support for a ceasefire in the ongoing conflict in Ukraine. This marks Macron's fourth visit to China since he assumed office in 2017. During his stay, he aims to strengthen the bilateral relationship and enhance the strategic partnership between France and China, according to Source, Source, and Source.

At a meeting with Chinese President Xi Jinping, Macron emphasized the necessity of overcoming differences to achieve greater good. He highlighted the importance of stabilizing global economic dynamics and called for mutual respect in trade relationships amidst rising tensions. Xi echoed this sentiment, affirming the need for stable ties between China and France to tackle global challenges, according to Source, Source, and Source.

Macron's discussions also included urging Xi to leverage China's influence over Russia to seek a ceasefire in Ukraine. The French administration believes that active involvement from China as a permanent member of the Security Council is vital for peace negotiations. Macron stressed the need for a joint effort to prevent further escalation of the conflict, as noted by Source and Source.

Trade discussions revealed substantial challenges, as the European Union is currently facing a massive trade deficit with China, estimated at €306.2 billion (approximately $348 billion). Emmanuel Macron called for the necessity of rebalancing trade, demanding “fairer and stronger” rules, rather than those based on mere competition. The ongoing subsidization of the electric vehicle industry in China was a critical point of concern as well, according to Source, Source, and Source.

During this trip, the leaders signed 12 cooperative agreements covering sectors such as nuclear energy, population aging, and panda conservation, despite the absence of significant business deals, particularly concerning the much-anticipated 500-jet order from Airbus, which has been delayed due to geopolitical tensions. Xi's commitment to presenting China as a reliable trading partner amid increasing tensions with the US was evident, as he encouraged further collaboration in multiple industries, according to Source and Source.