GUANGZHOU, China, Could 27, 2024 /PRNewswire/ — Information report from GDToday
Organized by Guangdong, Hong Kong SAR and Macao SAR, the Guangdong-Hong Kong-Macao Better Bay Space and Europe (France) Financial and Commerce Cooperation Convention was held in Paris on Could 24 (native time).
Greater than 400 representatives from French industrial and business circles attended the convention.
“This can be a crucial occasion, which put in touch with completely different corporations, even new corporations,” mentioned Gilles-Henry Garault, Vice-President and President of the Worldwide Fee, Encouragement Society for Trade in France. He indicated that the GBA could be one of many first financial facilities on the earth.
At current, about 1/3 of the French corporations in China have chosen to settle in Guangdong, together with EDF Vitality, Danone and Sanofi. In Garault’s opinion, the GBA is the primary selection for international corporations to enter China.
In response to the info revealed by Guangdong Sub-Administration of Basic Administration of Customs of China, in Q1 this yr, commerce quantity between France and the province of Guangdong reached 24.86 billion RMB, growing 11.1% year-on-year.
“I’ve been to the GBA many occasions since I turned the CEO of Airbus China in 2003.” mentioned Norbert Ducrot, President of Wavelandes, “I found that the GBA is a improbable area with an enormous inhabitants and market. This yr is essential as a result of it is the sixtieth anniversary of the diplomatic ties between China and France.”
To start with of Could, each China and France made a joint declaration on enhancing international governance cooperation on synthetic intelligence.
In response to a rating revealed by the World Mental Property Group, the Shenzhen–Hong Kong–Guangzhou science and know-how cluster has been listed the second for the previous 4 years.
Ducrot indicated that the GBA is the most effective place for each France and China to launch initiatives within the fields of software program and {hardware}, electronics domains, and synthetic intelligence, as this area has developed tech companies and plentiful assets of skills.
“The convention displays the exceptional achievement of financial growth in China,” mentioned Roger Sebbagh, Particular Adviser of French President. He indicated that he want to play a job in bridging France and China sooner or later.
In his opinion, cooperation between France and China is a win-win cooperation and he believes that the collaboration will carry optimistic affect to different international locations and promote their growth.
In response to preliminary statistics, 36 bilateral funding and commerce cooperation initiatives between France (and Europe) and Guangdong, Hong Kong and Macao are reached with a complete worth of 3.22 billion US {dollars} on this convention. Amongst them, France (and Europe) will make investments 1.59 billion US {dollars} within the GBA, whereas the GBA will make investments 1.47 billion US {dollars} in France (and Europe).
Video – https://mma.prnewswire.com/media/2422054/1.mp4