China and France to Enter Partnership in Energy and Other Industries

Published Date : Jul 02, 2015

The China energy market is expanding rapidly in all the sectors, be it renewables or conventional energy sources. Recently, the Premier Li Keqiang representing China in Paris announced that China has agreed with their French counterpart Mr. Manuel Valls on plan to expand the cooperation in the energy industry, and its third party markets.

According to the Premier, the fastest-growing economy in the world China is now willing to improve its practical cooperation and strengthen their mutual trust with France. Furthermore, he suggested that the two nations ought to deepen their cooperation in sectors such as space, aviation, steel, nuclear, high speed railway, hydro power, and oil while enhancing their added value and jointly penetrating the third party markets.

Mr. Li Keqiang also said that elevated favorable conditions will allow trade and investment and further enhance a dynamic balance in the countries’ bilateral trade. The country China supports domestic firms to invest in France and also welcomes companies from France to expand into the China energy market with the innovative technology.

France is one of the main members of the EU and a partner of crucial importance for China in the organization. The Premier commented that a healthy growth between the two countries will prove exemplary to strengthen their relations. The Premier has urged France to continue with their active role in this and add more strength to the bilateral relations.

According to the representative from France, Mr. Valls stated that the two nations currently are enjoying the practical cooperation. He further expressed that France and China will continue to cement their economic dialogue and strengthen their cooperation in several conventional sectors such as energy, space, aviation, food, and agriculture while simultaneously increasing the interaction in these sectors as trilateral cooperation. Valls also stated that they appreciate China’s initiatives in tackling the climate change issue.