According to the General Customs Office of China, the total volume of bilateral trade between China and France in 1999 amounted to US $6.71 billion, which was 11.2% more than that of the last year. It reached US $5.98 billion from January to October 2000, 11.2% more than that of the same period of the year before. Out of this figure, China's export reached 3.01 billion, increasing 29.4% as against that of the proceeding year, its import amounted to USD 2.96, 2.9% less than that of the previous year.
The French investment in China focuses mainly on the fields like Energy, Automobile, Chemistry, Light Industry and Food Processing.Up to the end of 2001, there were 1,870 projects with French direct investment in China. The contracted investment was approximately US$6.26 billion and the capital actually invested was US$5.03 billion, ranking third among the EU countries. In 2001, there were 150 projects with French direct investment in China, and the contracted investment was US$510 million, and the capital actually invested was US$590 million. From January to June 2002,there were 69 new projects with French direct investment in China, and the contracted investment was US$528 million and the capital actually invested was US$240 million.
The two countries have signed Agreements on Scientific & Technological Exchanges and Cooperation, Agreement on Environmental Protection Cooperation, Agreement on Cooperation of Development and Peaceful Use of Atomic Energy, Agreement on Health & Medical Science Cooperation, Agreement on Cooperation of Research & Peaceful Use of Space. The governmental Joint Commission on Science & Technology was set up to hold Sino-French annual meeting on advanced technology research plans.Up to the end of 2001, the two sides had signed a total of 1,606 contracts for introducing technologies totaling US$10.08 billion, which covered many areas such as space utilization (remote sensing technology), cooperation in nuclear energy, artificial intelligence, coal cleaning and electricity generation with wind power.
(Source: Ministry of Foreign Affairs, the People's Republic of China)