Influence of China's stock market plunge 'limited': French minister

PARIS - French Ecology Minister Segolene Royal on Tuesday said the influence of the sharp sell-off in Chinese stocks was "limited" as "China remains an extremely dynamic country."

In an interview with state-run France 2 TV channel, Royal ruled out eventual impact of Chinese stocks plunge on France's economic recovery.

"Of course, there are economic shifts that must be made, in particular the question of environmental protection that China has neglected for so long," the minister said.

"However, China has realized the potential which it has today by investing heavily in renewable energy, particularly in solar. So Chinese growth will probably start on a healthier basis," she added.

During a visit to Berlin, French President Francois Hollande was upbeat about the recovery of Chinese financial market, arguing "the world's second main economy" enjoyed "important resources, and will find answers within them."

Global economy was "strong enough" so that its growth "is not only related to the situation in China," he said.

On Tuesday, Shanghai Composite Index tumbled 7.63 percent to 2, 965 points, the lowest level this year.

Investors remained cautious in Asian markets while in Europe, indexes returned to green in early trading after a major sell-off a day before.