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Renault's full-size sedan enters China's French car to enter the fast lane
Recently, French President Jacques Chirac made a significant visit to China, drawing widespread attention and highlighting the growing diplomatic and economic ties between the two nations. During his trip, discussions focused on strengthening bilateral cooperation, especially in the economic sphere. At the same time, the French Culture Year event further deepened cultural exchanges, while business leaders from France expressed optimism about expanding their presence in the Chinese market.
One of the key players in this effort is the Renault Group, France’s second-largest automaker. Renault has announced plans to produce a full range of vehicles in China, including mid- to high-end models, with the goal of securing a top-three position in the competitive Chinese automotive market. The company is particularly confident about the potential of its economical model, the "Logan," which was first introduced in Romania in September. Priced at around €5,000, the Logan is designed for emerging markets such as Russia and Romania, and Renault believes it will be well-received in China due to its affordability and practical design.
In addition to the Logan, Renault plans to launch its popular Megane model in China in 2006. The company has also indicated that new models will be developed specifically for the Chinese market, tailored to meet local preferences and regulations. This strategic move reflects Renault’s long-term commitment to China and its ambition to become a major player in one of the world's fastest-growing auto markets.
Experts note that France lags behind Germany and the UK in exports to China, and there is a clear desire to close this gap. With high unemployment rates at home and concerns over job losses, France sees China’s rising economy as a crucial opportunity for growth and employment. The increasing trade and investment between the two countries are expected to bring mutual benefits and foster stronger economic partnerships in the years to come.
(Contributed by Lin Mengda)
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