Chinese president visits Schneider Electric in Nice

09:09, November 07, 2010      

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Chinese President Hu Jintao (2nd R, front) visits Schneider Electric Carros center in Nice, France, Nov. 6, 2010. Hu Jintao is in France on a state visit. (Xinhua/Li Xueren)

Chinese President Hu Jintao visited a production facility of global leader in energy management and automation Schneider Electric near Nice Saturday morning.

Hu's tour of the French-based company's facility is seen as a reflection of the active attitude China holds toward developing even closer and sustainable trade and economic links with France.

The plant, located in an industrial center at Carros a few kilometers from Nice, manufactures automation components such as programmable logic controllers.

Schneider Electric's products focus on electrical distribution, industrial control and automation. It employs more than 100,000 people around the world and had total sales of 15.8 billiou euros (about 22 billion U.S. dollars) in 2009.

Since first entering the China market in 1987, Schneider Electric has set up representative offices, factories, logistic centers, training institutes, research and development centers and laboratories around China, employing a total of 15,000 people.

According to the Chinese Foreign Ministry, one of the goals of Hu's visit is to expand trade and cooperation on major projects, deepen convergence of interests of both sides and promote progress in all areas of bilateral cooperation.

On Friday evening, Hu and his French counterpart, Nicolas Sarkozy, witnessed the signing of a series of agreements on cooperation in the areas of nuclear energy, aviation, high technology, energy efficiency, environmental protection, culture and people-to-people exchanges.

As China and France are both undergoing industrial restructuring, their companies are increasing cooperation in the rising industries of energy efficiency, environmental protection, information technology, upper-end manufacturing, new energy and new materials.

France now ranks fourth among EU nations in the value of direct foreign investment to China. By August, French companies have invested more than 10 billion dollars in more than 4,000 projects in China.

Source: Xinhua


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