TREE NEWS update: China’s Commerce Minister Wang Wentao met Danone CEO Antoine de Saint-Affrique on October 12 to discuss the French food group’s operations in China and China-EU, China-France trade ties. Wang said China will keep expanding high-level opening-up and welcomed Danone to increase investment and R&D in the country. He cited recent consensus reached at the second meeting of the China-EU trade and investment consultation mechanism.
China Commerce Minister Wang Wentao Meets Danone CEO Antoine de Saint-Affrique
AI take
The read-through is less about Danone than about Beijing's sequencing: a commerce-ministerial meeting with a single French food group is being used to signal that the China-EU trade and investment consultation mechanism is producing practical, company-level follow-through rather than just communiqués. For European consumer and agri-food firms with Chinese exposure, it suggests the door remains open for those framed as long-term local investors rather than exporters. Whether that framing translates into concrete approvals or procurement treatment for Danone is the open question.
Generated by AI for reference only.
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