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France's world-leading cosmetics sector is counting on talks between Xi Jinping and Emmanuel Macron next week to help minimize the impact on French companies of tough new Chinese import rules requiring the sharing of formulas and manufacturing know-how. President Xi's first visit to Europe in five years comes amid a backdrop of tense trade relations, with the European Union threatening China's electric vehicle and green energy industries with tariffs. But progress towards an agreement between France and China on the regulation of cosmetics, including lipstick and fragrances, could be a bright spot in discussions in Paris next week.