Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Senate Democratic Leader Chuck Schumer: Law enforcement agencies in New York have informed me of bomb threats targeting several of my offices.
IOF storm Al-Ahli Hospital, vicinity of Al-Mizan Hospital, and Mohammed Ali Al-Muhtaseb Hospital in al-Khalil.
Iraqi sources told Al Mayadeen that reports that Barrack conveyed warnings to Iraq about an Israeli strike if any Iraqi party supports Hezbollah are false.
Pope Leo XIV: Peacemakers do not flee, but dare to stay even if it costs them some sacrifice.
The Pope to the Lebanese: You are a diverse country and a community made up of communities united by one language, the language of hope, which has allowed you to start anew.
Pope Leo XIV to the Lebanese: You are a people who do not give up, but a people who persevere in the face of difficulties and know how to be reborn.
Al Mayadeen's correspondent in South Lebanon: Israeli occupation targets bulldozer working to remove rubble of destroyed home in Shebaa.
IRGC sources tell Al Mayadeen that reports of Iranian missile strikes on northern Iraq are false, calling them rumors spread by enemy-linked media.
Trump: Venezuela airspace should be considered 'closed in its entirety'
AFP: Ukraine behind attack on Russian 'shadow fleet' tankers in Black Sea

Decoupling from China 'an illusion': French Economy Minister

  • By Al Mayadeen English
  • Source: Agencies
  • 30 Jul 2023 11:55
3 Min Read

During a visit to Beijing on Sunday, France's Finance Minister stated that breaking all economic ties with China was "an illusion."

  • x
  • Newly named French economy minister, Bruno Le Maire, 48, left, listens to his predecessor, Michel Sapin, during an handover ceremony in Paris, France, Wednesday, May 17, 2017.
    Newly named French Economy Minister, Bruno Le Maire, 48, left, listens to his predecessor, Michel Sapin, during a handover ceremony in Paris, France, Wednesday, May 17, 2017. (AP)

During a visit to Beijing on Sunday, France's Finance Minister warned that breaking all economic ties with China was "an illusion," as several Western countries rethink their reliance on the Asian powerhouse.

"We are totally opposed to the idea of decoupling. Decoupling is an illusion," Finance Minister Bruno Le Maire told reporters at the French embassy, adding that "There is no possibility of having any kind of decoupling between the American, European and Chinese economies."

Nonetheless, Le Maire maintained France's goal of becoming more economically autonomous in certain industries. However, he noted that the term "de-risking," which has been popular in the West in recent months, "does not imply that China is a risk."

Read next: China delivering military equipment to Russia, France says

"De-risking means that we want to be more independent... We don't want to realize, as we realized during the Covid crisis, that we have too much dependence on some very specific components," he added, citing microchips as one example.

Le Maire's words come as some Western countries want to minimize their economic reliance on China, particularly Germany, which counts China as its top trading partner and a key market for its automobile industry.

The US has also urged for de-coupling from China, however, US Treasury Secretary Janet Yellen stated earlier this month during a visit to Beijing that a decoupling of the US and Chinese economies would be "virtually impossible."

Meanwhile, China has slammed Western efforts to de-risk, with Premier Li Qiang labeling the approach a "false proposition" last month. Le Maire is currently in China for high-level economic talks and will visit the southern tech capital of Shenzhen on Monday to meet with business executives.

West's economic de-risking a 'false proposition': Chinese PM

Chinese Prime Minister Li Qiang considered on July 27 that the Western countries' decision to "de-risk" their economies was a "false proposition", slamming the United States and European Union policy aimed at reducing their reliance on China. 

"In the West, some people are hyping up what is called 'cutting reliance and de-risking'," Li told delegates from New Zealand, Mongolia, Vietnam, Barbados, and Saudi Arabia at the opening of a World Economic Forum meeting in northern China. "These two concepts... are a false proposition, because the development of economic globalization is such that the world economy has become a common entity in which you and I are both intermingled," the Chinese Premier pointed out in a speech calling for deepening economic globalization and cooperation.

"The economies of many countries are blended with each other, rely on each other, make accomplishments because of one another, and develop together," he indicated. 

"This is actually a good thing, not a bad thing."

  • Beijing
  • Bruno Le Maire
  • France
  • China

Most Read

13 elite Israeli troops were wounded in a confrontations in Beit Jinn, Syria.

13 elite Israeli troops wounded in confrontations in southern Syria

  • West Asia
  • 28 Nov 2025
Russia and China are not part of the Resistance Front, but they are playing an important role in building structures to bypass US power and thus facilitate a multipolar and freer world. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

The Resistance Front and BRICS

  • Opinion
  • 29 Nov 2025
Four killed, ten wounded in targeted California shooting in Stockton

Four killed, 10 wounded in 'targeted' California shooting

  • US & Canada
  • 30 Nov 2025
Point-blank killings: 'Israel' executes 2 Palestinian youths in Jenin

Graphic footage: IOF execute 2 Palestinians from point blank in Jenin

  • Politics
  • 27 Nov 2025

Coverage

All
In Five

Read Next

All
US Ambassador to Turkey Tom Barrack speaks during the Concordia Annual Summit in New York, Wednesday, September 24, 2025 (AP)
Politics

Iraqi sources deny US warning of Israeli attack on Lebanon: Exclusive

People walk through a street in the old city of Homs, Syria, Friday, November 21, 2025 (AP)
Politics

US cautions Israeli occupation against escalation in Syria

Members of the International Committee of the Red Cross (ICRC) arrive at the site where Hamas militants are searching for the remains of captives in Jabalia, northern Gaza Strip, Monday, December 1, 2025 (AP)
Politics

Gaza death toll surpasses 70,000 as victims remain under rubble

Pope Leo XIV meets the Greek Orthodox Patriarch of Antioch John X Yazigi, left, and spiritual leader of Lebanon's Druze community Sheikh Sami Abi al-Mona in the Martyrs' Square, in Beirut, Monday, December 1, 2025 (AP)
Politics

Pope Leo XIV calls for unity, coexistence during Lebanon visit

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS