'China cannot be out, China must be in': France says it's diverging with Washington on Beijing ties

DAVOS, Switzerland — The European Union does not spot eye-to-eye with the United States erstwhile it comes to opposing China, the French concern curate told CNBC Friday.

Speaking astatine a sheet astatine the World Economic Forum successful Davos, Switzerland, looking astatine the economical outlook, France's Bruno Le Maire said: "China cannot beryllium out, China indispensable beryllium in. This is the quality of presumption we person betwixt the U.S. and Europe."

"We don't privation to reason China, we privation to prosecute with China, we privation China to obey by the aforesaid rules," helium said, "this is our policy."

The United States has taken a confrontational attack with China peculiarly erstwhile it comes to the exertion sector. The European Union, however, has looked astatine striking a equilibrium betwixt its governmental relationship with the U.S. and its economical ties with China.

Though European officials person said China is simply a strategical rival, they besides admit they privation to make commercialized ties with Beijing and enactment unneurotic against clime change.

France's President Emmanuel Macron is reportedly readying a travel to China successful the coming weeks to sermon vigor and trade, arsenic good arsenic the broader consequences of Russia's penetration of Ukraine.