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Chinese investors welcome in France, says Moscovici

By Wang Xinyuan (Global Times)

08:49, January 09, 2013

French Finance Minister Pierre Moscovici said Tuesday in his first visit to Beijing that he hopes more Chinese investors will consider opportunities in France, which could help revive the French economy and create more jobs.

French investment in China reached more than 13 billion euros ($17 billion) by the end of 2011, but Chinese investment in France is only a quarter as much, Moscovici said at a press conference Tuesday.

He noted that attracting Chinese investors to France is one of the items on the agenda of his visit to Beijing.

As well as meeting Chinese officials including China's Vice Premier Li Keqiang, Moscovici also met with potential Chinese investors including the president of China Investment Corporation, which is China's sovereign investment fund.

"France welcomes win-win investment," which allows foreign investors to gain market access, and helps create and preserve jobs in France, he said.

But no concrete investment deals have yet been signed during the visit, Moscovici told the Global Times.

2013 will be a difficult year for France as it is in a transition stage of its recovery, he said.

The jobless rate in France hit 10.3 percent in the third quarter of 2012, a 13-year high.

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