French group Schneider Electric has signed an agreement to acquire Chinese Leader & Harvest Power Technologies Holdings, a group based in Beijing, and specialize in medium voltage variable speed drives, one of the key components for energy efficiency.
The French automotive supplier Faurecia has expanded its cooperation agreement with Chinese equipment manufacturer Changchun Xuyang Group. The French company already had a strategic stake of 18.75% , and now it has three new factories in China.
After French Finance Minister Christine Lagarde’s application tour for the top job at the International Monetary Fund (IMF), China didn’t show much support to her campaign.
French finance minister Christine Lagarde will meet with Chinese economic officials in Beijing this week, as part of her campaign to gain support for candidacy to the head of International Monetary Fund.