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Macron Ends China Visit With 12 Accords and Investment Pledge but Few Big Deals

Symbolic cooperation outweighed tangible business gains.

Overview

  • In Beijing, Xi Jinping and Emmanuel Macron vowed to deepen the comprehensive strategic partnership focused on multilateralism and broader cooperation.
  • The two leaders witnessed 12 cooperation agreements in areas including nuclear energy, agri-food, education and the ecological environment, with no monetary totals disclosed.
  • A letter of intent set out plans to expand reciprocal investment and foster a fair, transparent and predictable business environment for firms in both countries.
  • Macron urged Beijing to help secure a Ukraine ceasefire and address trade imbalances, as China reiterated support for efforts conducive to peace without specific commitments.
  • The visit wrapped in Chengdu with joint sightseeing and panda-related outreach, while analysts highlighted the lack of marquee commercial announcements such as a major new Airbus order.