Current location:travel >>
French companies to step up investment in China
travel191People have gathered around
IntroductionPARIS, April 9 (Xinhua) -- Leading French companies are set to invest more in China, it emerged at b ...
PARIS, April 9 (Xinhua) -- Leading French companies are set to invest more in China, it emerged at business talks held in Paris this week.
"We'd like to invest (in China) more than we do now, even though we've been investing several billion yuan every year for the past 40 years," said Patrick Charignon, EDF Renewables vice-president for Asia-Pacific, at the round table on Monday.
China and EDF, France's leading electric utility company, began cooperating in the 1990s, starting with projects in nuclear power generation. From there, the collaboration was extended to renewable energy production, transmission, and distribution grids.
"China, with its immense ambitions in terms of energy transition, and as the world leader in decarbonized energy production capacity, is obviously a very important market for EDF," said Charignon.
Chinese banks have also been supporting energy investment projects, he added. Supply chains "perfectly meet all the needs for making these investments", and domestic and foreign capital are equally treated by the authorities.
"Be assured of our determination to continue, and even accelerate, our investments in China in coming years," he said.
For Marc Prikazsky, CEO of French animal health company Ceva, "China isn't just for very, very large groups. Mid-sized companies like us can also develop well there."
Ceva entered China in 2002, and has set up two production bases in Beijing and Zhejiang.
The company also has partnerships with several Chinese universities to carry out technological innovation projects.
Gilles Barissat, founder and chairman of the International Private Equity Market (IPEM), said he wanted to encourage small and medium-sized European companies to do business in China.
Barissat told Xinhua that he plans to take around 50 European companies, mostly high-techs, to China in November when Shanghai hosts the seventh edition of the China International Import Expo. IPEM launched its first China Forum in Wuxi, a city near Shanghai, last November.
"We are optimistic, we are courageous and we believe in China," he said. "China is developing. It's only natural that European enterprises and Chinese companies grow together."
Representatives from a dozen French companies, including TotalEnergies, Veolia, Seqens, Galeries Lafayette and Valode & Pistre, joined the round table, which was organized by the Chinese Ministry of Commerce.
"Cross-investment is not simply a financial transaction, but also a symbol of cooperation, innovation and strategic partnership," said Emmanuelle Peres, Director-general of Prospective & Innovation Foundation.
Recalling that 2024 marks the 60th anniversary of diplomatic relations between France and China, Peres said she hopes to see the two countries "fully exploit the potential of their human capital, technological capital and financial resources to create added value and stimulate economic growth."
(Editor:Fu Bo)
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Current news portal”。http://honduras.fightbigfood.org/content-53b099869.html
Related articles
Student fatally shot, suspect detained at Georgia's Kennesaw State University
travelATLANTA (AP) — Officials at Georgia’s Kennesaw State University say a student was killed in a weeken ...
【travel】
Read moreSmall ranching community tears itself apart as newly
travelA small ranching community in Colorado has torn itself apart as newly-released wolves have butchered ...
【travel】
Read moreKentucky Derby Style Guide: From head
travelThe 150th Kentucky Derby is set to take place this Saturday, May 4th, in Louisville, Kentucky.The an ...
【travel】
Read more
Popular articles
- Kate Hudson hits the stage to debut songs from her new album Glorious at star
- New York Mets are looking for new mascots
- Small earthquake shakes a wide area of Southern California. No initial reports of damage
- Bernie Williams to raise awareness of lung disease at May 3 event in Puerto Rico
- Ben Whishaw lights up the Croisette as he joins his co
- Sarah Snook steps out with her mother and husband to watch her former Succession co
Latest articles
US overdose deaths dropped in 2023, the first time since 2018
Deion Sanders, son respond to social media criticisms over how coach handled transfers at Colorado
Kentucky Derby Style Guide: From head
Small earthquake shakes a wide area of Southern California. No initial reports of damage
Biden says Brown v. Board of Education ruling was about more than education
F1 heiress Petra Ecclestone's estate agent husband Sam Palmer says his 'pet hate' is tipping low
LINKS
- China sees steady progress in diagnosis, treatment system: health official
- ECB leaves interest rates unchanged
- HK deputies urge for linking GBA's finance, healthcare and sports sectors
- Chengdu Universiade
- 8 people confirmed dead after ship collision in south China
- China's top court vows better judicial protection of consumer rights
- Targeted shooting leaves man injured in Australia's Melbourne
- Protection of consumers' personal information highlighted in China's new regulations
- China to see more flights in summer
- No casualties reported in Russian city of Orsk after dam breach