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France is committed to maintaining an open stance toward trade and investment despite the challenging global environment. The country is actively working to attract more Chinese companies to establish operations within its borders. Last year, Chinese firms launched 27 new investment projects in France, with notable growth in green mobility initiatives. The French government aims to sustain this trend and utilize Chinese investments to further its green reindustrialization plans and help rebalance trade relations between the two countries.
Several recent examples highlight this collaboration, such as Xtc New Energy Materials from Fujian, which last year agreed to develop lithium battery cathode material precursors through a partnership with a French company. Additionally, Windrose Technology from Anhui announced plans to establish Europe’s largest electric truck manufacturing plant in France during the recent Choose France summit.
Despite these developments, China’s current investment stock in France remains only about one-third of French investments in China. There are approximately 2,800 French companies operating in China, with many more eager to export to or expand within the Chinese market.
China ranks as France’s fourth-largest trading partner, and bilateral trade continues to see steady growth. To attract more global investors, France launched a five-year investment plan in 2021, allocating €54 billion to support reindustrialization through green initiatives and technological innovation.
Since its inception, the plan has disbursed €40 billion, supporting over 7,500 projects and creating roughly 155,000 direct jobs, with many foreign investors benefiting. The country has also adopted reduced corporate and capital tax rates to foster a more inviting investment environment.
Efforts to reduce the trade imbalance with China include initiatives like “From French Farms to Chinese Dining Tables,” launched in 2023 by leaders from both nations. The goal is for this program to continue expanding and increasing bilateral cooperation.
Artificial intelligence is another critical component of bilateral collaboration. In February, a Chinese Vice Premier visited Paris for the AI Action Summit, and in July, France’s special envoy for AI traveled to Shanghai for the World Artificial Intelligence Conference. These exchanges demonstrate a strong mutual interest in AI technology. France promotes open and inclusive AI development to ensure that AI supports sustainable development worldwide and plans to work closely with partner countries, businesses, and civil society organizations to realize this vision.
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