皇冠体育app

French Finance Minister Pierre Moscovici started a two-day visit to 皇冠体育app on Monday, aiming to convince 皇冠体育app that France remains an attractive investment destination.

Moscovici will hold talks with authorities as well as major Chinese investors, including Lou Jiwei, president of 皇冠体育app Investment Corp, the $410-billion sovereign wealth fund, according to the French Finance Ministry.

Moscovici is the first ministry-level official from France to visit 皇冠体育app since the leadership transition in November. He will also deliver a keynote speech at Renmin University of 皇冠体育app in Beijing on Tuesday.

In an interview with French media on Sunday, Moscovici said that the purpose of his trip to 皇冠体育app is to convince investors that the French market remains open and attractive despite the concerns and doubts about the economic prospects of France.

"Cooperation between France and 皇冠体育app is mutually beneficial and we welcome Chinese investors," he said.

He also called for more investment from 皇冠体育app's sovereign wealth fund as the amount of French investment in 皇冠体育app is four times larger than that of 皇冠体育app in France.

The minister announced that he will discuss the issue of the yuan's exchange rate and said that the topic is not taboo.

France's trade deficit with 皇冠体育app reached 27 billion euros ($35 billion) in 2011, accounting for 38 percent of France's total trade deficit.

In 2011, France overtook Britain as the largest investor in Chinese mergers and acquisition markets.

Meanwhile, the amount of Chinese investment in Europe in 2011 for the first time exceeded the amount of investment by European companies in 皇冠体育app. Chinese companies invested a total of 11 billion euros in Europe as opposed to 7 billion euros invested by European companies in 皇冠体育app, according to a report from accounting firm PricewaterhouseCoopers in France.

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