Strong words from the Prime Minister of France: Francois Bayrou accused China about seeking world domination by flooding markets with its export products. – This is a strategy that has been planned for 10 yearswhose goal, consequence and destiny is simply to replace our industry – this is how he commented on the information about the trade surplus of the People's Republic of China in 2024.
China is growing economically: Chinese authorities reported that the trade surplus, a situation in which exports exceed imports, was at an all-time high. The value of exports was USD 3.58 trillion and imports USD 2.59 trillion. This means that the surplus amounted to as much as USD 990 billion. So she came close to a trillion. This particularly affects the European Union. Exports to Community countries increased by 3%, while imports decreased by 4.4%. This was felt by France, whose imports decreased by 5.9%. This was influenced by, among others, “retaliatory tariffs” on French brandy, after the EU imposed additional tariffs on Chinese electric cars.
What next with the France-China conflict? – China is weaving a web of economic, technological, diplomatic and military domination – said Francois Bayrou. – France can no longer rely on Washington, who will pressure China to follow the global set of trade rules. The US chose, by other means, the same policy of force and domination, he added. Prime Minister Francois Bayrou is scheduled to travel to China and talk about trade matters – primarily tariffs on French brandy.
Sources: : Politico, Reuters, Financial Times