BIZTODAY China-French Investment | | victoriaadvocate.com

French companies remain confident about Chinese market 【Voice_over】 The Chinese market has been one of the hot spots for French investments for decades 【Sound_bite】 Jérôme Vanachter, President, Lesaffre Greater China: “Lesaffre entered the Chinese market with Saf-instant 40 years ago. This year, to meet the growing market demand for our products, Lesaffre will complete two main investment in expanding our capacities in China. We could see great potential in the Chinese market due to its rising market needs. Increasing urbanization and people’s growing expectation for better life. The Chinese economy is rebounding and trending towards a long-term improvement, remaining the biggest engine of global development. With a super large market and rapidly growing demand. Emerging fields such as food and beverage, innovation, innovation, intelligent manufacturing, green energy and digital economy are full of opportunities and vitality. So China continues to be a hot destination for global investment.” 【Sound_bite】 Rémi Paul, CEO and Country General Delegate, Safran China: “Safran operates in all of Asia segments and has more than 20 entities with over 2,000 people operating in China. More than 70 percent of the narrow-body aircraft in service and on order in greater China are and will be powered by CFM56 and LEAP engines manufactured by CFM International, our joint venture with General Electric. More than 60 percent of China’s commercial aircraft are equipped with Safran landing gears, wheels and brakes. 50 percent of helicopters flying in China are equipped with Safran engines or its licensed products. More than 80 percent of commercial aircraft in service in China are using Safran crew oxygen mask. Safran is determined to continue our development here in a sustainable and responsible way as China is a key market for Safran and is an integral part of our global industrial chain. We look forward to deepening our cooperation with the Chinese aviation industry toward low-carbon aviation in China.”