Officials Market French Economy To China

[THE BALD MAN]

http://www.nytimes.com/2013/05/07/business/global/officials-market-french-economy-to-china.html?partner=rss&emc=rss&_r=0

' HONG KONG — French leaders and top officials are winding up a slew of meetings with China’s new leadership, an effort to market the troubled French and euro zone economies to a powerful investor.

The high-level meetings reflect the eagerness of France -- and many of its euro zone neighbors – to woo an economy that has become an increasingly important engine of global growth in recent years. Chinese purchases of Western government debt have helped beleaguered Western economies weather the global financial turmoil of recent years, while its consumers are increasingly crucial to many European and American retailers and manufacturers.

In an example of its purchasing prowess for big-ticket items, China in late April signed a deal with Airbus, the European plane manufacturer, for 60 aircraft worth at least $8 billion at list prices.

The gradual shift of China’s economy away from infrastructure investment toward more domestic consumer demand, however, is expected to generate growing demand for other industries in the coming years – with potential businesses opportunities to match.

Mr. Fabius on Monday made no secret of the fact that France is hoping to get a slice of the pie in growing sectors like health care, agricultural products, the food and beverage, and products and services that will aid urbanization – which the new Chinese leadership has declared a key driver of future growth.

France’s exports to China are currently dominated by luxury goods, aircraft and nuclear energy sectors. The rising wages and development of better social security systems that will come with China’s economic rebalancing “opens new opportunities for French companies, which they are willing to seize,” Mr. Fabius said, adding that France’s trade deficit with China currently totaled about 26 billion euros.

As part of France’s efforts to attract Chinese cash, Mr. Hollande, during his visit to China last month, pledged to make it easier for Chinese business travelers, tourists and students to visit France.

On Monday, France and Hong Kong signed a bilateral working holiday program that will allow French and Hong Kong citizens aged from 18 through 30 to spend one year in the other country, and to take up employment, if necessary, to finance their stay. '

welcome to the future.

So the money we have spent buying their c**p has been re-invested in our economies....

[Jack's Creation]

So the money we have spent buying their c**p has been re-invested in our economies....

We export more to the republic of Ireland than we export to China, India and Brazil combined.....

[workhou]

http://www.nytimes.com/2013/05/07/business/global/officials-market-french-economy-to-china.html?partner=rss&emc=rss&_r=0

' HONG KONG — French leaders and top officials are winding up a slew of meetings with China’s new leadership, an effort to market the troubled French and euro zone economies to a powerful investor.

The high-level meetings reflect the eagerness of France -- and many of its euro zone neighbors – to woo an economy that has become an increasingly important engine of global growth in recent years. Chinese purchases of Western government debt have helped beleaguered Western economies weather the global financial turmoil of recent years, while its consumers are increasingly crucial to many European and American retailers and manufacturers.

In an example of its purchasing prowess for big-ticket items, China in late April signed a deal with Airbus, the European plane manufacturer, for 60 aircraft worth at least $8 billion at list prices.

The gradual shift of China’s economy away from infrastructure investment toward more domestic consumer demand, however, is expected to generate growing demand for other industries in the coming years – with potential businesses opportunities to match.

Mr. Fabius on Monday made no secret of the fact that France is hoping to get a slice of the pie in growing sectors like health care, agricultural products, the food and beverage, and products and services that will aid urbanization – which the new Chinese leadership has declared a key driver of future growth.

France’s exports to China are currently dominated by luxury goods, aircraft and nuclear energy sectors. The rising wages and development of better social security systems that will come with China’s economic rebalancing “opens new opportunities for French companies, which they are willing to seize,” Mr. Fabius said, adding that France’s trade deficit with China currently totaled about 26 billion euros.

As part of France’s efforts to attract Chinese cash, Mr. Hollande, during his visit to China last month, pledged to make it easier for Chinese business travelers, tourists and students to visit France.

On Monday, France and Hong Kong signed a bilateral working holiday program that will allow French and Hong Kong citizens aged from 18 through 30 to spend one year in the other country, and to take up employment, if necessary, to finance their stay. '

welcome to the future.

I'm in Shenzhen now. Learning French is very popular. Lots of French products are exported to China and loads of French doing business here. They like French wine!