News Snapshot:
China on Monday promised to import more high-quality products and services from France, after a European probe into Chinese electric vehicle exports supported by Paris threatened to spark a tit-for-tat trade dispute between the two countries. China’s foreign minister Wang Yi, at a joint press event with his French counterpart, Stephane Sejourne, said China hoped that Europe’s de-risking policy was not targeted at specific countries and should not violate World Trade Organization (WTO) rules. Wang said de-coupling with China is the biggest risk. “We are constantly relaxing market access, including promoting the flow of cross-border data,” Wang said, adding that...