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Hollande woos Xi to improve trade performance with China

France is putting its grandest palaces, finest wines and best businesses on display for President Xi Jinping this week as it makes a belated bid to bridge a yawning gap in its trade with China compared with neighbouring Germany.

President François Hollande’s government is also keenly aware of competition for Chinese investment from the UK, seeking to use Mr Xi’s visit to counter an image of Socialist-led France as a high tax, investor-unfriendly country.

“The Germans are already well ahead of us. The UK is doing all it can to persuade the Chinese that it is better than France for investment. There is a real competition between the three biggest European economies,” said one official involved in the visit.

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