Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Ebola in Nigeria: First death outside of Lagos

Read more

AFRICA NEWS

Niger : Top Oppostion figure to be questioned in baby trafficking scandal

Read more

AFRICA NEWS

Liberia: President dismisses top officials who ignored call back

Read more

MEDIAWATCH

The deleted tweets of Manuel Valls

Read more

DEBATE

How to Stop Ebola: WHO Says Cases Could Exceed 20,000 (part 2)

Read more

DEBATE

How to Stop Ebola: WHO Says Cases Could Exceed 20,000

Read more

WEB NEWS

'Ice Bucket Challenge' angers anti-abortion activists

Read more

#TECH 24

Tomorrow's Transport Today

Read more

FOCUS

Mothers and children leaving Honduras at all costs

Read more

  • French businesses ‘hoping for a new Thatcher’

    Read more

  • UN says 43 peacekeepers captured in Golan Heights

    Read more

  • Peru seizes record 6.5 tonnes of Europe-bound cocaine

    Read more

  • Russian troops have entered Ukraine, says Kiev

    Read more

  • Pakistan army to mediate between PM, protesters

    Read more

  • PSG face Barcelona, Ajax in tough Champions League draw

    Read more

  • In pictures: Billions of locusts invade Madagascan capital

    Read more

  • Brad Pitt and Angelina Jolie say ‘I do’ in France

    Read more

  • Erdogan sworn in as Turkey's president

    Read more

  • Assad cannot be partner in fight against terrorism, says Hollande

    Read more

  • New Ebola case in Nigeria brings death toll to 1,552

    Read more

  • Video: 'Neither Baghdad nor the US can defeat the Islamic State'

    Read more

  • Platini will not run against Blatter for FIFA presidency

    Read more

  • Air France pilots announce week-long strike in September

    Read more

  • New French economy minister takes swipe at 35-hour work week

    Read more

  • Uzi shooting by 9-year-old rekindles gun debate

    Read more

  • Mother of American journalist asks IS leader for his release

    Read more

  • UN probe accuses Syrian regime, Islamists of ‘crimes against humanity’

    Read more

  • Uruguayans sign up to grow marijuana at home

    Read more

Asia-pacific

Market turmoil likely to top agenda at France-China talks

Text by News Wires

Latest update : 2011-08-21

French President Nicolas Sarkozy, whose country holds the G20 presidency this year, is set to meet his Chinese counterpart in Beijing on Thursday for talks expected to focus on the recent financial market turmoil.

REUTERS - French President Nicolas Sarkozy will meet Chinese President Hu Jintao in Beijing on Thursday for impromptu talks that will most probably centre on the recent turbulence in global financial markets.

Sarkozy, whose country holds the Group of 20 presidency this year, is adding a stop-off in China to a trip to the French South Pacific territory of New Caledonia following his discussions with several world leaders on sinking world markets.

His office said he would meet Hu at 5 p.m. local time (0900 GMT) on Thursday for talks followed by a dinner. He will fly on to New Caledonia the same night, for his first visit to the archipelago territory since taking power in 2007.

On what will be Sarkozy’s sixth visit to China as French president, the two leaders may discuss a Franco-German proposal to tax financial transactions, a highly divisive idea that would only be effective if supported widely around the world.

They will most probably also discuss France’s G20 agenda before a likely G20 ministerial meeting on the margins of the annual IMF and World Bank gatherings in Washington in late September and a summit of G7 finance ministers in Marseille, France, earlier that month.

Sarkozy has been pressing to get Chinese backing for his G20 goals, which include seeking ways to lessen economic imbalances and reduce market speculation and commodity price volatility.

Only a hard-fought compromise kept Beijing on board at G20 finance talks in February to agree on indicators to gauge global economic imbalances.

The two leaders last met in March, also in Beijing, when Sarkozy visited China to attend a seminar in the city of Nanjing on ideas to reform the international monetary system.

They also met last November on a state visit by Hu to France where Sarkozy received him with full military honours.

The NATO-led military intervention in Libya has put some strain on relations after China abstained from the U.N. Security Council vote authorising a no-fly zone over Libya and has been critical of coalition air strikes.
 

Date created : 2011-08-21

  • FINANCE

    As double dip looms, market fears turn on feeble banks

    Read more

  • USA

    Biden reassures China over US debt crisis

    Read more

  • FINANCE

    Where does France stand amid the financial crisis?

    Read more

COMMENT(S)