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Shanghai Fastener Expo Press Release_China, France to strengthen cooperation

2019-07-22    Author:   Views:337    

Shanghai Fastener Show News, China,France, Bilateral ties

National flags of China and France are displayed during an expo in Shanghai on Nov 27, 2018. [Photo/IC]

Reform and opening-up unleash new opportunities to boost bilateral ties

China's new round of reform and opening-up, and consumption upgrade will create new opportunities in niche sectors including high-tech waste recycling, quality control, food safety, medical processes and fintech, areas where French companies have proven technological expertise, a senior French business leader said on Friday.

In addition to enhancing bilateral cooperation in traditional sectors such as aeronautics, agribusiness, luxury goods and aerospace industries, the future of China-France business ties will also be enriched by both sides' surging demand in service sector, regional connectivity and people-to-people exchanges, said Christophe Lauras, president of the French Chamber of Commerce and Industry in China, or CCI France Chine.

"We welcome China's newly released negative lists, which were shortened to introduce greater opening-up," said Lauras, adding the move will create a flexible environment for French companies to invest and grow in China, and the upcoming second China International Import Expo in Shanghai will be a positive showcase to encourage more imports from France.

Negative lists identify sectors in which foreign participation is restricted. Announced on June 30, China's latest negative lists will take effect on July 30 for nationwide implementation, data from the Ministry of Commerce show.

Bilateral trade between China and France amounted to $31.62 billion in the first half of 2019, jumping 9.3 percent year-on-year. France, in the meantime, remained China's fourth-largest trade partner after Germany, the United Kingdom and the Netherlands within the European Union, data from the General Administration of Customs show.

China exports mainly construction machinery, manufacturing equipment, steel, electronics, textiles, garments and household appliances to France. In addition to passenger vehicles and aircraft, water treatment, chemical and pharmaceutical products, France's exports to China also include fashion, agricultural and energy infrastructure products.

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