"The world economy is strong enough to also have prospects for growth which are not simply linked to the situation in China," Mr Hollande told reporters on the sidelines of a meeting in Berlin with German Chancellor Angela Merkel and Ukraine President Petro Poroshenko.
"China ... has the capacity to ensure its stability and growth. As for stock market movements, we know them and (we) cannot determine our position just based on stock indices," he added.
Ms Merkel added: "I'm convinced that China will do everything it can to stabilise its economic situation."
Germany's economy ministry had earlier said "the concrete fallout" for Germany was "likely to be limited".
"Exports to China are important, but only account for 6.6pc of total German exports. The current strength of exports stems from those to the 28 countries of the EU," a ministry spokesman said.
"Overall, the German economy remains robust and is being driven largely by domestic demand."
China took a major step on Thursday in President Xi Jinping’s drive to impose greater control and limit Western influences on Chinese society, as it passed a new law restricting the work of foreign organizations and their local partners, mainly through police supervision.
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The European Central Bank is set to cut its inflation forecasts on Thursday but hold back from concrete policy action, promising only to beef up its bond-buying program if growth and inflation prospects weaken further.
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China's economy grew at its slowest pace in 24 years in 2014 as property prices cooled and companies and local governments struggled under heavy debt burdens, keeping pressure on Beijing to take aggressive steps to avoid a sharper downturn.
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