French President Emmanuel Macron arrived at the venue for his meeting with Chinese President Xi Jinping in Rio de Janeiro, Brazil, on Tuesday local time.
The bilateral meeting is taking place on the sidelines of the two-day 19th G20 Summit.
Xi arrived in Rio de Janeiro on Sunday for the 19th G20 Summit and a state visit to Brazil.
The two-day G20 Summit opened on Monday under the theme of "Building a just world and a sustainable planet."
French President Emmanuel Macron arrives at venue for meeting with Xi
Industry-leading experts from multinational enterprises gathered at a summit in Beijing on Sunday to present cutting-edge ideas and insights, exchanging views on new opportunities and challenges existing in investment cooperation.
Themed "Open China and the World," the Global Multinational Corporation Summit -- the 14th International Roundtable of Multinational Corporations' Leaders was held in the Chinese capital on Sunday, attracting nearly 500 leaders from domestic and international multinational corporations.
Feng Xingliang, head of the Beijing office for NRW.Global Business China, a firm specializing in assisting foreign business ventures, highlighted renewable energy as a booming sector for Chinese investment abroad, speaking to China Global Television Network (CGTN).
"Judging from the businesses run overseas in 2023 and 2024, the most popular sectors for Chinese companies is renewable energy, including batteries and electric vehicles. This is the largest sector in which Chinese companies operate abroad. According to the final statistics, among the 54 Chinese companies that invested in North Rhine-Westphalia last year, 42 percent were in renewable energy. This was not the case before. There were more businesses in heavy industries, like the steel industry," said Feng.
"German companies have invested a lot in China, and Germany is the European country that has invested the most in China. Germany's investment in China hit a record high both in 2022 and 2023. Last year, the country's investment in China marked 11.9 billion euros. And in the first half of this year, the figure has already reached 7.6 billion euros, which is another record high. Of course, much of those investments comes from large enterprises, such as BASF's investment in Zhanjiang reaching 10 billion euros, indicating that German companies still have great confidence in the Chinese market," he said.
A growing number of Chinese companies going abroad now are making efforts to localize their business as much as possible, instead of only selling products, according to Li Dong, president of the Rockwell Automation Intelligent Manufacturing Innovation Research Institute.
"Many Chinese companies are going abroad, not only selling products overseas but also building factories abroad and integrating into local cultures including life and production. Rockwell Automation is focusing on a one-stop service, and is building its own ecosystem from consulting, construction, planning, to later services, that is, long-term services for enterprises, instead of a one-time service, so as to help enterprises go overseas better and be based locally and let China's production capacity and industrial chains better serve the world," said Li.
Ban Ki-moon, former secretary-general of the UN and chairman of the Boao Forum of Asia, sent a congratulatory letter to the meeting. Zhang Xiangchen, deputy director-general of the World Trade Organization, delivered a video speech at the event.
Multinational companies discuss opportunities for investment cooperation in Beijing
