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Zhang Guoqing Joins G7-EU Dialogue on Economic Imbalances

Chinese Vice Premier Zhang Guoqing is set to participate in a video conference hosted by French President Emmanuel Macron, signaling an unusual engagement between Beijing and the G7. The discussion focuses on global trade imbalances, occurring just days before the G7 summit in France addresses the influx of low-priced Chinese exports.

Zhang Guoqing Joins G7-EU Dialogue on Economic Imbalances

Macron is positioning this dialogue as a vital bridge, seeking a collaborative path forward before the European Union moves to tighten its trade regulations. During his opening remarks, the French leader stressed the necessity of a unified international approach to stabilize the global economy's growth trajectory. For Beijing, the decision to join the 'Global Convergence for Growth' conference represents a shift in strategy, given its long-standing skepticism toward the G7's influence on international affairs.

European officials remain increasingly wary of Chinese trade tactics, particularly within high-tech sectors, which are currently complicating the EU's broader policy agenda. By inviting Zhang to the table, Macron aims to manage these frictions directly before they escalate into more rigid trade barriers during the upcoming summit.

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