What happened after China's leader Xi Jinping met France's President Macron? | PROJECT NEXUS

During a state visit to France at the invitation of French President Emmanuel Macron, Chinese President Xi Jinping took part in the closing ceremony of the 6th China-France Entrepreneurs Committee meeting in Paris, accompanied by President Macron. This event highlighted the importance of the China-France bilateral relationship and resulted in multiple cooperation agreements between companies in various sectors, including energy, finance, and rail transit. The partnerships reflect the shared desire to strengthen China-France cooperation while injecting new vitality into their economic relations.

1. CRRC Tangshan-Alstom Partnership: Alstom and CRRC Tangshan signed a major contract to purchase traction systems for prominent projects, emphasizing the importance of collaboration in the rail transit market. This agreement aims to expand their scope of cooperation, leverage core technologies, and establish a comprehensive value chain loop to deliver high-quality electrical traction systems. Both parties aim to reinforce the Jiangsu CRRC Tangshan Alstom Traction System Co., Ltd. joint venture.

2. Xiamen Tungsten New Energy-ORANO SA: Xiamen Tungsten New Energy and ORANO SA joined forces to establish a comprehensive partnership in the battery industry. They will collaborate on the production of cathode materials for electric vehicle batteries and promote sustainable development through battery recycling and innovative green business models.

3. StarCharge-Schneider Electric: StarCharge and Schneider Electric signed a framework agreement to restructure joint ventures in European electric vehicle charging and energy storage businesses. Their collaboration will focus on photovoltaic inverters, energy routers, and lithium battery storage to meet Europe's demand for green, efficient energy solutions.

4. Suez-FarEasTone: Suez and FarEasTone signed an MoU to establish a zero-carbon battery industrial park in France. The park will enhance battery recycling and digital decarbonization platforms, positioning France as a central hub for sustainable electric vehicle development in Europe.

5. Suez-Dongguan Water Group: Suez signed an agreement with Dongguan Water Group to build a large-scale sludge incineration facility to process 2,000 tons of sludge daily. This project will convert municipal sludge into sustainable electrical energy, reducing carbon emissions while extending landfill lifespans.

Economic and Trade Relations:

Despite global instability, the cooperation between China and France remains strong. According to the French National Institute of Statistics and Economic Studies, bilateral trade between China and France reached $78.9 billion in 2023, with French exports to China increasing year after year, particularly in luxury goods, chemicals, and agricultural products. Additionally, investments by French companies in the Chinese market continue to strengthen, bolstering trade relationships. Collaborative projects like L'Oreal's intelligent operation center and Faurecia's automotive electronics factory underscore France's growing confidence in the Chinese market.

Moving Forward:

In this era of global turbulence, China and France should uphold multilateral cooperation, oppose protectionism, and strive for openness to promote development. By deepening economic exchanges and resolving international issues, these two nations can contribute more certainty to global economic development and forge a path toward sustainable prosperity.

What are your thoughts on the future of China-France cooperation, and how do you see this impacting global trade?

#ChinaFranceEntrepreneursCommittee #StateVisitToFrance #MacronXiMeeting #CRRCTangshanAlstom #XiamenTungstenORANO #StarChargeSchneider