Macron to Chair G-7 and China Video Conference on Global Economic Imbalances
French President Emmanuel Macron will chair a video conference on June 11 bringing together G-7 countries, China, and other invited nations to discuss global economic imbalances and trade tensions. The conference reflects France's G-7 presidency focus on coordinated economic steps among major economies. The discussion aims to establish shared responsibility for economic imbalances, with France arguing China over-produces, the US over-consumes, and Europe under-invests.
French President Emmanuel Macron will chair a video conference on June 11 involving Group of Seven countries and China to address global economic imbalances, according to an announcement from the Elysee on June 10. The conference will include representatives from G-7 nations (Canada, France, Germany, Italy, Japan, Britain, and the US), invited guest countries (Brazil, South Korea, India, Kenya, and Egypt), China, and the International Monetary Fund. Global economic imbalances fueling trade tensions are a central theme of France's G-7 presidency, including at a leaders' summit scheduled for the following week in Evian, eastern France. Macron's office stated the conference demonstrates "a new willingness on the part of China, the United States and Europe over taking part in coordinated economic steps." France is using its presidency to push for recognition that each region bears responsibility for imbalances, with the framework that China over-produces, the US over-consumes, and Europe under-invests.
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- The Straits TimesCenter
Macron to chair video call involving G-7 and China over economic imbalances
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