429.7 per cent - this is the real growth rate of French investment in China from January to May。Since the beginning of this year, the investment enthusiasm of French companies in China has continued to rise。According to the data released by the Ministry of Commerce, the actual use of foreign capital in the first five months of the country increased slightly in RMB.In 1% of cases, France's actual investment in China still achieved 429 year-on-year.High growth rate of 7%。
According to the China-France Business Association, there are about 2,100 French companies investing in China, and confidence in China's big market is an important factor for French companies to invest in China。With the visit of French President Emmanuel Macron to China in April this year, the economic and trade cooperation between China and France has heated up again。The reporter also felt in the interview that China's large scale consumer market and continued high level of opening-up have a strong attraction for foreign investors, including French companies。
The Chinese market is number one
Well-known French enterprises such as Airbus, Danone, EDF, L 'Oreal, Biou Group and Safran Group have long been deeply engaged in the Chinese market and established commercial bases。With their personal experience and concrete actions, they have cast a vote of confidence in the prospects of China's economic development。
In January this year, Biou Group signed a memorandum of cooperation with a subsidiary of Shenneng Group in Shanghai to establish a joint venture company to provide high pressure hydrogen storage systems for the Chinese commercial vehicle market。"China is a market that cannot be missed, it is a country with huge production capacity and innovation capacity, and it is a key market for our future development。Laurent Favre, CEO of Biot, said。
With China's efforts to promote high-quality development, scientific and technological innovation is becoming a new growth point for China-France cooperation。L 'Oreal currently has an innovation and research and development centre, two factories in China and last year announced the opening of its first investment company in the country。"We are entering a new era of innovation-driven, high-quality development, which is in line with the planned path of China's economic development.。Fabry, president of L 'Oreal North Asia and chief executive officer of China, said that with a strong rebound in demand in the Chinese market, it is expected that the consumption heat of the beauty market will further rebound in the second quarter of this year。By 2030, L 'Oreal is expected to reach 100 million new consumers in different cities in China。
Prophesee, headquartered in France, is a startup company in the field of neuromimicry vision with its China headquarters in Shanghai。It has established an application center in China and has carried out extensive cooperation with Chinese partners, landing event Vision Sensor (EVS) cameras and localized production in China last year。
When asked about the strategic position of the Chinese market for Prophesee, Prophesee Vice President and General Manager of Greater China Yang Xuefei answered without hesitation: "Number one!"
"The growth of enterprises cannot be separated from the support of the market and supply chain。China has the largest mobile device market, its huge consumer market and complete upstream and downstream supply chain are extremely important to us in the global scope, so the Chinese market is a very important strategic investment and business development direction for us。Yang Xuefei said that at present in Prophesee's global layout, the Chinese team has the largest size and the growth rate is also very fast。
Shanghai Municipal Party School open strategy research center director Zou Lei told the International Business daily reporter，French investment in China has maintained high growth，The most fundamental reason is that French companies are firmly optimistic about the prospects of China's economic development and opening-up，China is regarded as one of the most attractive and profitable investment destinations，Trying to further integrate into China's industrial ecology，Share the opportunities in the Chinese market。
"What is reflected behind this is that although some people in Western countries currently advocate the so-called 'de-risk', multinational companies have their own clear judgment on opportunities and risks, capital will choose destinations by 'voting with their feet', and China is still the first choice of the vast majority of multinational companies, including French companies.。"Zou Lei said。
There are many opportunities and broad prospects for investment in China
This year, Macron's visit to China has brought new opportunities for China-France trade。The accompanying trade delegation signed a number of cooperation agreements with Chinese enterprises, sending out a positive signal for the investment and development of French enterprises in China。
Zou Lei said that the economies of China and France are complementary and the two countries have carried out extensive cooperation in the fields of energy, automobiles, aviation, communications, nuclear power, chemical industry, medicine and agricultural products, achieving mutual benefit and win-win results。In the context of global greening and digitalization, especially in the process of energy transition in Europe, enterprises of the two countries have great potential for cooperation in renewable energy, electric vehicles, smart manufacturing and digital trade, which are new growth points worth further exploration in the future。
Yang Xuefei also agrees: "For the field of intelligent manufacturing, France and China have a very strong complementarity, from the early stage of technology research and development to the back-end technology application landing, if the two sides can achieve good cooperation, it will bring a very good development prospects.。”
Prophesee, as a startup company, also feels that the Chinese government has provided a good business environment for foreign enterprises to land in China。It is important for foreign companies to help them grow and develop better in China。Yang Xuefei revealed: "We are also actively looking for opportunities for deeper cooperation with local governments, and are promoting relevant communication and discussions.。”
This year, China will "make greater efforts to attract and utilize foreign investment", and the Ministry of Commerce will continue to carry out "Invest in China Year" activities to attract investment, improve the level of service guarantee for foreign enterprises and projects, and actively create a market-oriented, law-based and international first-class business environment。
"As China continues to open up to the outside world at a high level, optimize the business environment and accelerate scientific and technological innovation, French investment in China has many opportunities and broad prospects。China's hypermarket is fully capable of providing adequate development and returns for foreign investors, including French companies。Zou Lei is optimistic about the future。
(Source: International Business Daily)