China’s President Xi Jinping made the comments in a phone call with French President Emmanuel Macron, Chinese state television reported, fortifying ties with its European trading partner after Macron visited China in April.
China faces an electric vehicle subsidy investigation by the European Union and a looming probe into its steelmakers. Meanwhile, several European countries have complained about China’s opaque laws and rules regarding foreign companies in the country.
The real TL;DR:
China wants a major European country to invest, so it can gain better leverage on said country to block European laws threatening China’s business model.
Even shorter:
China wants equal part in the global trade.
FTFY
Best of luck to them
I don’t think that’s equal…
No, but its a step towards a breaking of the hegemony
Question is: do we want to have China be the one to break the hegemony? Di we want to have anyone dominating trade world wide is another as a matter of fact.
Another variation: China wants global companies to invest as its economy heavily depends on exports and foreign direct investments.