French President Emmanuel Macron has opened a rare G7-linked economic conversation with China, hosting the Global Convergence for Growth video session from the Élysée Palace. The call, arranged before the coming G7 summit in Evian-les-Bains, brought in Chinese Vice Premier Zhang Guoqing and senior financial voices. Macron used the meeting to press a clear message: major economies must manage trade imbalances before they unsettle jobs, prices, investment, and market confidence worldwide.
For Nigerian and wider African observers, the warning matters because any sharp adjustment between Europe and China can quickly affect supply chains, import costs, energy transition products, and investor appetite in emerging markets. Macron argued that unresolved financial gaps could force disorderly corrections across global markets. Paris is therefore keeping a diplomatic channel open with Beijing while Europe debates tougher trade action on low-priced technology imports.
Vice Premier Zhang Guoqing used the platform to defend China’s economic position, calling for open markets and a fairer reading of global comparative advantage. He rejected claims that Beijing’s industrial policy is simply distorting international value chains, insisting that China’s continued opening can support global stability. The exchange underlines a hard G7 dilemma: protect domestic industries without pushing the world into a wider trade confrontation.
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