As European nations recover from the debt crisis that crippled several economies, the relationship between China and the EU is taking center stage. To shed light on current and future dynamics, CKGSB and Chambre de Commerce et d’Industrie Francaise en Chine (CCIFC) jointly held a dialogue with prominent French politician, Valérie Pécresse.
A Discussion with Valérie Pécresse, Jean-Michel Piveteau and Dr. Li Xiaoyang
As European nations recover from the debt crisis that crippled several economies, the relationship between China and the EU is taking center stage. To shed light on current and future dynamics, CKGSB and Chambre de Commerce et d’Industrie Francaise en Chine (CCIFC) jointly held a dialogue with prominent French politician, Valérie Pécresse. As Secretary General Delegate of the UMP, Deputy of the Yvelines, former Minister for Higher Education and Research and former government spokeswoman, Valérie Pécresse has had a wealth of experience on how the EU is managing the crisis and the steps it is taking to prevent future economic catastrophes. Joined by Jean-Michel Piveteau, Senior Advisor of BNP Paribas in China and Dr. Li Xiaoyang, Assistant Professor of Economics and Finance at CKGSB, Valérie Pécresse emphasized the need for a China-EU partnership that promotes innovation and is mutually beneficial.
Ms. Valérie Pécresse shed light on the Eurozone debt crisis and its implications
China and the EU are economically intertwined, trading more than €1billion a day. A strong Europe with a robust economy is a better partner for China, and vice versa. Valérie Pécresse asserted that Europe is strengthening its economic powers and setting the stage for a bright, stable future. Investments in technology and innovation, as well as political and institutional reforms, are setting the stage for the success of future generations. Valérie Pécresse said that the EU is able to recover from the crisis because of strong political will and partnerships within the Union. She is also a firm believer that China and Europe will benefit greatly by working together and closely collaborating in this fast-paced, innovative and ever-changing economic landscape.
While moderating the panel discussion, Dr. Li Xiaoyang asserted “The EU has surpassed the US to become China’s biggest trading partner. China certainly plays an important role in Europe’s economic recovery.” Dr. Li Xiaoyang also asked thought-provoking questions about how Chinese investors can navigate the current European political and economic landscape. Jean-Michel Piveteau echoed Dr. Li Xiaoyang’s opinion on the increasing importance of China-EU relations and gave brief backgrounds on the financial standpoints of their respective currencies. He also discussed the challenges and opportunities faced by European companies investing in China and how Chinese investors in Europe can position themselves as partners for growth in local economies.
Left to right: Mr. Jean-Michel Piveteau, Ms. Valérie Pécresse, and Dr. Li Xiaoyang
Both Valérie Pécresse and Jean-Michel Piveteau answered questions from the audience, addressing various issues including the presence of small and medium sized European businesses in China, Foreign Direct Investment (FDI) and building trust in local economies. Audience members included students, professors, French Chamber members and several representatives of European embassies.