Paris hosted Macron’s “World Convergence for Growth Summit” on Thursday, bringing together G7 and Chinese representatives ahead of Monday’s leaders’ discussion on global imbalances.
The push centers on a flood of subsidized Chinese exports that France says is distorting global markets and widening China’s $1.2 trillion trade surplus.
Credible joint action already looks out of reach: Beijing has rejected the G7 initiative, while Europe and the United States differ on how hard to move against China.
That leaves Macron’s broader G7 goal of reducing global imbalances through dialogue facing its first major test before the Evian summit formally opens.
With its investment gap soaring to €1.4 trillion, can Europe's policy fixes close the economic chasm with the US and China?
Is Europe's shift to 'regulatory protectionism' a necessary defense or a self-inflicted wound as global trade rules falter?
With the WTO paralyzed, are regional trade blocs the only real defense against a full-blown global tariff war?
G7 2026: Addressing China’s Record $1 Trillion Trade Surplus and the Risks of Global Economic Fragmentation
Overview
The 2026 G7 summit in Évian brings together world leaders to address the urgent challenge of China’s unprecedented trade surplus, which is driving global economic imbalances. As the global landscape shifts and leaders face complex challenges, President Macron emphasizes the need for the G7 to work together to guide the world economy back to stronger growth. The summit focuses on combining domestic policies with international cooperation, especially as Europe struggles with weak investment and high savings. Tackling China’s excess production and its impact on global trade is central to the G7’s agenda, highlighting the importance of coordinated action in a rapidly changing world.