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The following article was published in our article directory on December 30, 2010.
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France Strongly Hope that China Investment

Article Category: Business

Author Name: xia zihui

Storm the French have had a real white Christmas, while the employment data in France in November the Government of France also made peace in October again after a brief experience of snow. According to data released by the French Bureau of Labor Statistics, unemployment in France in November increased 0.8% in January compared to 269.8 million, creating the largest monthly increase in six months.

The impact of the financial crisis has not been fully dispersed when the debt crisis has once again spread the impact of the European continent. The past year, Invest in France Agency (IFA) chairman David's travel frequently fly from all over the world, adjusted to frequently fly to China. IFA this year, China also launched large-scale publicity campaign - "France: excellence" to attract more Chinese enterprises to invest Law, with the help of external forces to promote employment and growth in France.

How would you persuade Chinese companies to France rather than investment in other European countries? Chinese companies, China's investment in Europe in recent years was a significant growth trend. Since 2005, China's direct investment in Europe increased four times already. At the same time, France is the fourth largest in Europe's most attractive investment destination for Chinese enterprises. In 2009, China's job creation in France a total of 22 investment projects, adding 1,483 jobs. Currently, more than 100 Chinese enterprises to invest in France, were created more than 8,000 jobs. Investment in China is the eleventh largest in the state law.

French government to support the development of Chinese enterprises in France resources include: skilled and efficient human resources, innovation and R & D environment, and excellent industry, energy and transport infrastructure and so on.

According to expert estimates, from 2005 to the end of 2009, Chinese companies investing to France about 10% survival rate, far lower than the overseas investment of Chinese enterprises the average success rate, high cost of investment in France is that people in France a misunderstanding. In fact, France has an attractive regulatory and tax environment.

France is one of the main advantages to help foreign companies at an attractive low-cost start commercial operations. According to the 2010 KPMG "Competitive Alternatives" report, the overall cost of doing business in France than in the U.S. of 1.7%. Lower euro exchange rate has further increased the advantage in this area of France.

In addition, R & D tax credit policy fee (CIR), driven by the French R & D tax concessions highest in the world. During 2009, 1.4 million home in the French business tax credit for R & D costs of EUR 4.2 billion savings in expenses. Encouraged by this policy, the French patent application number three patent families ranked fourth in the world after the United States, Japan and Germany.

Invest in France Agency does not specifically looking for a particular area and objectives. But we know that, from 2000 to 2008, the largest Chinese investment in France by the top three industries: chemicals and plastics industry (13% of total number of projects), electrical, electronic and information technology equipment (12%) and transportation and logistics (10%).

China National Chemical Corporation, through its subsidiary Blue Star Group, in 2006, financed the purchase of a manufacturer of animal nutrition additives Adisseo company. In 2007, the company has taken over Rhodia's organic silicon business, and to the restructuring of the company's Bluestar Silicones. Lenovo Group is set up in 2005, European headquarters in Paris.

In 2009, China's investment in France further expanded the field involved in the industry, Huawei announced in September 2009 in the Paris region to establish research centers, this is the first company in France, R & D center established. ZTE announced in November 2009 of its European and North American headquarters in the Paris region.

In addition, energy, business and financial services, machinery and equipment industries are also great prospects for development. So far in 2010, the new Chinese investment projects in France involving the Haier Group, Bluestar Silicones and so on.

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