Home Business Politics Life Culture��Edu Sci��Tech Sports Photos
��Search
China Observer
�� Chinese males value marriage and family
�� Chinese Youth maturing late psychologically
�� China's new "single parasitic" groupies
Photos
�� Open-air ceramic market in Nanjing
�� Guinness record winner - "king of towel gourd"
�� "Hundred dragons to worship ancestor" held
��Home>>Business
Sino-France economic cooperation has great potential
www.chinanews.cn 2005-09-13 14:58:35
Chinanews, Guangzhou, Sept. 13 (By Chen Guohua, Liu Tingting) - Politics
and economics supplement each other. At present, Sino-France political
relation has entered a "honeymoon" stage. One cannot help wondering when
the tie-up for Sino-France economies will come. Various signs prove that
Sino-France economic cooperation is heating up.
After breaking the US$10 billion mark in 2003, Sino-France trade value
reached a record of US$17.6 billion in 2004. However, considering the two
countries' economic strength and foreign trade demand, their economic
relation is far behind their political relation. The bilateral trade has
a relatively low weight in their respective foreign trade.
At present, China's exported products to France are mainly daily consumer
goods such as garments and manufacturing products such as electronic
hardware or intermediary goods. While France's exported products to China
are intermediary goods including advanced equipment, machines and rolled
steel.
In recent years, China and France has strengthened their cooperation in
some key sectors, such as nuclear application, aviation, transportation,
high technology, environmental protection, and automobile. By the end of
2004, China and France signed 2,300-odd technology introduction
contracts, involving US$12.2 billion. France invested in more than 2,590
projects in China, with the actual investment volume reaching US$6.8
billion, ranking third among EU countries after the UK and Germany. And
China invested US$24 million in France. Measuring the two countries'
development space, there is great potential for their economic
cooperation.
In order to encourage their enterprises to cooperate, Chinese and French
governments have released many feasible measures. The French government
simplified administrative approval procedures of foreign capital and
implemented preferential tax policies and government subsidies. The
Chinese government, sharply decreased import tariff and gradually opened
up the operation right of foreign trade besides adopting preferential tax
policies.
Copyright� 2004 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
Disclaimer: viewpoints in the website do not represent China News Service
Learn Chinese, Chinese Mandarin
