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1.8 MB

Extraction Summary

3
People
15
Organizations
6
Locations
2
Events
3
Relationships
3
Quotes

Document Information

Type: Report excerpt
File Size: 1.8 MB
Summary

This document page, likely from a government oversight report, analyzes the business and academic relationships between France and China. It details trade imbalances, investment dynamics involving major entities like EDF and Huawei, and academic collaborations between French institutions and Chinese universities.

Organizations (15)

Name Type Context
Comité France-Chine
MEDEF
Areva
EDF
Huawei
French National Assembly
Senate
Airbus
Commissariat à l'Energie Atomique (CEA)
Ecole Polytechnique
Paris Saclay
Tsinghua University
Qinghua Holdings
Qinghua Unigroup
Fondation Franco-Chinoise

Timeline (2 events)

2016–17 presidential campaign
Toulouse airport takeover

Locations (6)

Location Context
Toulouse

Relationships (3)

EDF China
Huawei French National Assembly

Key Quotes (3)

"France maintains a negative trade balance with China and Chinese companies have not invested much in France compared to what they've poured into Germany, Italy, and the United Kingdom."
Source
HOUSE_OVERSIGHT_020618.jpg
Quote #1
"EDF has been criticized for its transfers of technology to China, which it justifies by its contracts in China and the United Kingdom with Chinese co-funding."
Source
HOUSE_OVERSIGHT_020618.jpg
Quote #2
"Huawei now appears as a frequent donor, including for public conferences taking place in such prestigious locales as the French National Assembly or Senate."
Source
HOUSE_OVERSIGHT_020618.jpg
Quote #3

Full Extracted Text

Complete text extracted from the document (2,726 characters)

159
Business
France maintains a negative trade balance with China and Chinese companies have
not invested much in France compared to what they've poured into Germany, Italy,
and the United Kingdom. Chinese investors reduced investments during the 2016–17
presidential campaign and have also met with informal refusals in some cases, such
as Areva, the French nuclear company. The Chinese domestic market is set to save
France's dairy industry, even creating a temporary shortage of butter for the first time
since 1945. Still, complaints over too many purchases—or too many tourists, for that
matter—are drowned out by the profits involved.
In mainland France, the Comité France-Chine of MEDEF, the French business union,
has always been a prominent link, usually spearheaded by a prominent former French
political figure (from Raymond Barre to Valéry Giscard d’Estaing and Jean-Pierre
Raffarin). A separate French-Chinese investment fund has also been created, headed by
a former senior official in the treasury department.
Until very recently, Sino-French activities were largely financed by major French firms
operating in China, with EDF, the semipublic electricity company that cooperates on
nuclear plants with China, being the most prominent. EDF has been criticized for its
transfers of technology to China, which it justifies by its contracts in China and the
United Kingdom with Chinese co-funding. This pattern of lobbying by the French
themselves may be changing. Huawei now appears as a frequent donor, including
for public conferences taking place in such prestigious locales as the French National
Assembly or Senate.
Quiet Chinese investments with ownership below the 10 percent declaratory level, as
well as in real estate, make for more diffuse influence. This is particularly true at the
local level, where Chinese investors are eagerly sought and business intermediaries
tend to mushroom. Many plans for industrial parks and regional airports have not
materialized, however. The partial takeover of the Toulouse airport (home of Airbus
and other aerospace firms) has been marred by the temporary arrest in China of the
lead Chinese investor and by a search for quick profits.
Academia
In general, French academic and scientific institutions have welcomed Chinese
students and researchers. The Commissariat à l'Energie Atomique (CEA), Ecole
Polytechnique, and the Paris Saclay cluster and science park are all active in working
with Chinese counterparts. The Paris Saclay cluster and science park has signed
agreements with Tsinghua University and its commercial and high-tech spin-offs,
Qinghua Holdings and Qinghua Unigroup. The Fondation Franco-Chinoise pour la
Appendix 2
HOUSE_OVERSIGHT_020618

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