China and Europe are positioned to unlock significant mutual benefits through enhanced economic collaboration, according to Agnès Bénassy-Quéré, Deputy Governor of the Banque de France. Speaking exclusively to CGTN's Li Mengyuan at the 2025 Bund Summit in Shanghai, Bénassy-Quéré emphasized untapped potential across four key sectors: economic policy alignment, financial market integration, sustainable energy transitions, and trade innovation.
Synergy in Strategic Sectors
"Our shared challenges in climate action and digital transformation create natural partnership opportunities," Bénassy-Quéré noted, highlighting Europe's Green Deal and China's carbon neutrality pledge as complementary frameworks. The three-day summit has drawn over 2,000 policymakers and business leaders to discuss Asia's evolving role in global finance.
Bridging Financial Systems
The deputy governor pointed to growing RMB-euro settlement mechanisms and cross-border investment channels as evidence of deepening ties. Recent data shows EU-China trade reached €586 billion in 2024, with renewable energy equipment and electric vehicles driving 34% of growth.
Summit Sparks Dialogue
As the Bund Summit continues through Saturday, panels are examining practical measures to streamline customs processes and align technical standards. A working group comprising European and Chinese fintech firms is expected to announce joint blockchain initiatives on Friday.
