Is Macron’s election good for Chinese investment?

Who in today’s world is most capable of pulling France to ease its economic pressure? China. As the world's largest foreign exchange reserve country, the second largest foreign investor, the second largest importer, and the EU's second largest trading partner, China has many possibilities for cooperation with France in the economic field.

Macron supports "globalization". He has worked on the asset restructuring of Le Monde and the acquisition of Siemens SIS by the French Atos Group. His most famous achievements are at Rothschild and Schie When he was an investment banker in the bank, he facilitated a 9 billion euro deal between Nestlé and Pfizer, and the proposed reform plan advocated reducing restrictions and burdens on enterprises; he was also relatively pro-China, and when he was the French Minister of Economy, he supported China's acquisition of Toulouse Airport in France. deal, arguing that France should welcome foreign capital.

Positive predictions

Macron is very familiar with financial operations and corporate mergers and acquisitions, and is aware of the benefits of global capital flows. If no major surprises occur after he takes office, it should be conducive to Chinese capital entering France and expanding the share of Chinese companies in France. Also, as a former banker, Macron should understand the investment effectiveness of the China-led Asian Infrastructure Investment Bank and the huge funds owned by China. Whether there can be greater cooperation between the financial industries of China and France can also be considered.

Macron supports the continued existence of the European Union and has made it clear that if he is elected president, he will strengthen Franco-German cooperation and continue to promote European integration. Supporting the stability of the EU is also China's current goal. After all, China's strength has not yet reached the point of controlling the world. A stable and functional EU has strategic layout for China, "One Belt and One Road", RMB internationalization, exports, and even High-tech cooperation is beneficial, and other things can be discussed later.

Friendly reminder

But here I would like to remind all Chinese investors that in addition to the often mentioned legal and employee welfare aspects when investing in France, you must also pay attention to the fact that France has absorbed a large number of foreign investors. When it comes to immigrants, companies inevitably hire immigrant employees out of social responsibility and cost considerations. And the religious exclusivity, expansion, religious beliefs and daily rituals they bring may affect the normal management, operation and factory assembly line production of enterprises. The resulting increase in costs, especially the possible conflicts between companies and employees, cannot be taken lightly by China.

In short, from the current point of view, Macron’s election is still beneficial to China. He is good at communicating with customers and needs to boost the French economy. He is not yet familiar with all aspects of international politics. China and France are mutually beneficial. There are many opportunities for reciprocity.