Chinese investments are bringing new development opportunities to Hauts-de-France, a traditional industrial region in northern France, as local governments actively attract Chinese new energy enterprises to participate in the region's industrial transformation.
The Hauts-de-France region was once home to Griset, a copper processing company with a history of over 260 years and a pillar of France's metallurgical industry. Faced with global competition and fluctuations in metal prices, the company teetered on the brink of bankruptcy until its acquisition by TNMG, China's leading copper producer, enabled it to rise from the ashes under the name TG Griset. "Today, we have achieved our production target of 7,000 tons per year. This is a remarkable change compared to when we started back in 2016, when a small team of just 12 people launched operations. Now we have 70 employees, along with new projects, development prospects, and a future strategy. The group has also provided us with investment support," said David Derache, general manager of TG Griset.
Located nearly equidistant between Paris and London, as well as nearby the industrial heartlands of Western Europe, Hauts-de-France enjoys huge geographical advantages and a solid foundation in the automotive industry, with carmakers like Renault and Stellantis present. Official data shows that the region has drawn nearly 50 Chinese enterprises to invest and establish operations across sectors including automotive, energy, and chemicals.
Leading the charge the promotion of the region is Nord France Invest, which offers support to international companies and investors seeking to expand in Hauts-de-France.
"We go on a regular basis in China to meet with Chinese groups and, once again, to explain where we are, what we do, and how we can help them choose our region and make sure that we are the hub for them in Europe and the best gateway for Chinese investment here," said Yann Pitollet, CEO of Nord France Invest.
Beyond capital, Hauts-de-France values China's strengths in the new energy vehicle (NEV) manufacturing sector, particularly in batteries and materials. For this traditional industrial region, attracting Chinese enterprises is not only about drawing investment but also about the electrification transformation and the future development of its automotive industry.
"The best-selling electric vehicle in France today is a Renault car -- the Renault 5. It uses Chinese batteries, and these batteries are produced right here in the Hauts-de-France region. These modern examples -- whether in electric vehicle batteries, related investments, or the development of port industries -- show that these new industrial developments are significant for regions like ours," said Xavier Bertrand, president of the Hauts-de-France Regional Council.
China-France cooperation powers transformation of traditional French industries
China-France cooperation powers transformation of traditional French industries
Iran has received U.S. feedback on its latest peace proposal through Pakistani mediators, and talks between the two sides are still underway, Iranian Foreign Ministry spokesman Esmaeil Baghaei said Monday.
Speaking at a press conference in Tehran, Baghaei said that although the United States had publicly rejected Iran's 14-point peace proposal aimed at ending the conflict, Tehran had still received revisions and concerns through mediator Pakistan.
Such dialogue is continuing through the mediator, he said, stressing that although Iran does not trust the United States, it is still participating in the negotiations based on national interests.
Baghaei said that Iran has submitted its response to U.S. revisions to the conflict resolution plan.
"We approach every diplomatic process with deep distrust and serious skepticism in order to safeguard the national interests of Iran. Iran is aware that, given the United States' track record of undermining negotiations, it may repeat the same actions at any moment," Baghaei said.
Baghaei also said the current situation in the Strait of Hormuz stems from military actions launched by the United States and Israel against Iran, as well as what he described as violations of international law by the two countries.
Iran has taken relevant measures to ensure safety of navigation in the region, he said, adding that communication between Iran and Oman over issues related to the Strait of Hormuz is ongoing.
Baghaei said Iran harbors no hostility toward any country in the Middle East and called on all parties to remain vigilant against attempts by external forces to create division in the region.
Responding to repeated U.S. threats that military action against Iran could resume if no agreement is reached, Baghaei said threats and pressure have long been Washington's standard approach, but such tactics would not work on Iran.
He said Iran would continue advancing negotiations while closely monitoring developments and preparing for all possible scenarios.
Baghaei stressed that Iran would not abandon the rights granted to it under the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) and that the country is currently focused on efforts to end the conflict.
Also on Monday, Iran's semi-official Tasnim news agency, citing sources close to the Iranian negotiating team, said that Tehran had handed over its newest 14-point proposed plan for ending the war with the United States to Pakistan.
Pakistan will convey the plan to the United States, the report said.
The new proposal was submitted after Tehran revised its earlier 14-point draft in response to a recent U.S. proposal, the sources added.
According to the sources, Iran's new draft focuses on negotiations to end the war, as well as on "trust-building" measures.
In a separate report on Monday, Tasnim quoted another source close to the Iranian negotiating team as saying that, unlike previous U.S. drafts, Washington had agreed in its latest proposal to waive sanctions on Iranian oil during the negotiation period.
On the same day, however, a U.S. official said claims by the Iranian side that the U.S. had agreed to lift sanctions during the negotiations were false.
Iran, the United States and Israel reached a ceasefire on April 8 after 40 days of fighting that started with U.S. and Israeli attacks on Tehran and other Iranian cities on Feb 28.
Following the truce, Iranian and U.S. delegations held one round of peace talks in Pakistan's capital Islamabad on April 11 and 12, which failed to yield an agreement.
Over the past weeks, the two sides have reportedly exchanged several proposed plans outlining conditions for ending the conflict through Pakistan.
Iran's foreign ministry says talks with US still underway
