Will Chinese investment bring good fortune to France?
- 9 years ago
In France, the Socialist government is trying to balance its budget, eager to prove to Brussels and to foreign investors that it's serious about making economic reforms. Last year, Paris unveiled a massive privatisation programme, including selling a major stake in Toulouse airport.
Selling state assets may help the government's coffers, but what sparked controversy was who they were sold to. Despite several domestic offers on the table, the government chose to grant a foreign consortium 49.99% control over Toulouse airport. The state’s decision to sell such a large stake to mostly Chinese investors has proven divisive.
So is Chinese investment a threat or an opportunity for France?
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Selling state assets may help the government's coffers, but what sparked controversy was who they were sold to. Despite several domestic offers on the table, the government chose to grant a foreign consortium 49.99% control over Toulouse airport. The state’s decision to sell such a large stake to mostly Chinese investors has proven divisive.
So is Chinese investment a threat or an opportunity for France?
Visit our website:
http://www.france24.com
Like us on Facebook:
https://www.facebook.com/FRANCE24.English
Follow us on Twitter:
https://twitter.com/France24_en