Macron from Davos: Cooperation with China is the way to correct imbalances in the global economy

Macron from Davos: Cooperation with China is the way to correct imbalances in the global economy

From the Davos platform, at a time of escalating trade wars and declining effectiveness of global economic governance rules, French President Emmanuel Macron presented an alternative vision based on restoring the importance of economic cooperation, placing China at the heart of the equation for recalibrating the imbalances plaguing the global economy. In a speech delivered at the World Economic Forum's annual meeting, and published in full on the forum's official website, Macron emphasized that the logic of zero-sum confrontation or economic isolation offers no sustainable solutions. He asserted that "the only way forward is through greater cooperation and the development of new approaches" capable of addressing the structural transformations occurring within the international economic system. The speech carried direct messages aimed at Europe, the United States, and China alike, in an attempt to redefine the foundations of competition and partnership, moving away fro…