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Original source: President Macron's "France 2030" speech

Editor: Xia Guo Han

In a speech at the Elysee Palace on October 12, French President Emmanuel Macron officially unveiled his "France 2030" investment plan, setting targets for France over the next ten years to boost French industrial competitiveness and create new industry champions by investing 30 billion euros in key industries.

Macron said the plan would address the triple deficit of French society - namely the potential growth deficit, the public deficit and the foreign trade deficit - in order to "find the path to independence" and "reclaim the destiny of France and Europe ". Of this, 40% of the €30 billion is to be invested in "decarbonisation"; in addition, at least half of all investment must go to new businesses (medium-sized companies or start-ups). This "France 2030" plan will make an unprecedented effort in disruptive technologies in order to increase France's capacity for economic growth through innovation.

Please follow the highlights of President Macron's speech and the key points of the "France 2030" plan.

I. Four major challenges facing France at the moment.

1, climate and environmental challenges, namely the disruption of climate conditions and the depletion of biodiversity.

2. The demographic challenge, which consists of two main points: firstly, the ageing of the population and the decline in the native birth rate, and secondly, the huge number of immigrants (and refugees) from abroad, which is putting enormous pressure on France.

3. The inequality challenge, which is being accelerated by two new economic phenomena, namely "over-financialisation" and "digitalisation", both of which are at the same time socio-economic innovations in governance, and which undoubtedly pose a great challenge to managers.

4. Geopolitical challenges, when resources are scarce and when competition for innovative models is intensifying, these new models may to some extent affect the survival of established powers or old hegemonies, causing geopolitical tensions.

II. Five lessons from the COVID-19 New Crown epidemic pandemic.

1, the fragility of the state and of the current world order, the inability of mankind to anticipate the sudden onset of a catastrophe and to respond properly and in time.

2. France's (Europe's) dependence on foreign countries, the open world's free-circulating trade system so easily broken up by a single New Crown epidemic, 18 months before France and other European countries were suffering from a shortage of masks, so it was necessary to embark on a path of independence and independence from foreign dependence.

3, The strength embedded in the French educational and social model is still strong and has effectively kept France together in times of crisis, so the French government will invest more in strengthening the positive feedback loop of this model in the future.

4, Innovation is the only source leading to change. A year ago, mainstream French experts thought it extremely unlikely that a vaccine would be available by the end of 2020, as no vaccine had ever been successfully invented in one year in human history. But a vaccine did come into existence at the end of 2020.

5. It is extremely important to engage in international cooperation, and the creation of the new vaccine is the result of French cooperation with the international community.

III. Ten objectives of France 2030

1. In nuclear energy, the manufacture of innovative small modular nuclear reactors by 2030 will open up new areas for French nuclear power exports. France is currently developing a small nuclear reactor called "Nuward". Estimated investment: €1 billion.

2. France becomes a leader in green hydrogen energy by 2030, with at least two giga-electrolyzer plants, large-scale production of hydrogen and expansion of hydrogen energy technologies.

3, Decarbonisation of industry to reduce greenhouse gas emissions by 35% in 2030 compared to 2015 (currently 4% reduction), which must be carried out in three industries - steel, cement and chemical manufacturing - to upgrade decarbonisation. France will invest more than €500 million in breakthrough technologies, including renewable energy, in particular wind turbines for onshore, offshore and photovoltaic power generation. In addition, the EU will fully support private investment in decarbonisation and has just established a "carbon border adjustment mechanism" to penalise industrial countries outside Europe that do not carry out decarbonisation reforms (translation: a new round of trade in the name of "carbon neutrality"). protectionism in the name of "carbon neutrality").

France plans to invest a total of €8 billion in the first three areas of energy and economic decarbonisation.

4, France will produce nearly 2 million electric and hybrid vehicles by 2030, complemented by a public transport strategy, new forms of travel and an industrial strategy. France was originally a major automotive nation, but its automotive policy has failed over the past three decades, leading to a steady decline in the competitiveness of the French automotive industry. Macron hopes to use this new windfall of new energy vehicles to revive the French automotive industry, while maintaining France's market share at European level. In a related vein, France plans to increase its investment in batteries and autonomous driving.

5, France to produce its first low-carbon aircraft by 2030, Macron has stated that "the first low-carbon aircraft must be a French project" and that the goal is to "Europeanise it as much as possible", which is our preparation for "the fighter of the future "It is clear that France's strategic planning for a decarbonised future has been extended to the military sector, and as one of the world's top arms sales powers, France is cultivating new leeks. ).

The core of France's industrial future is in the automotive and aviation sectors, and together with the ambitious plans for new energy vehicles mentioned above, France plans to invest a total of €4 billion in the future of transport.

6, investing in healthy, sustainable and traceable food, accelerating the robotisation and digitisation of agriculture and strengthening food autonomy through the development of greener technologies. France will invest in three revolutions - the digital revolution, the robotic revolution and the genetics revolution - which will somehow be a continuation of the mechanisation and chemical revolutions (Vertical: France is the number one agricultural country in Europe and the number one country in the world in terms of food self-sufficiency, sitting on 25% of the arable land in the entire EU, Macron is trying to extend France's (Macron wants to continue to consolidate and expand France's agricultural advantages, tying French agriculture to digitalisation, automation and genetic science). France plans to invest 2 billion euros in the agricultural and food sectors.

7. The health sector, the "Health 2030" plan, will have at least 20 biologic drugs for cancer, emerging diseases and chronic conditions by 2030, covering vaccines and immunotherapies for cancer and gene therapy, as well as creating medical centres with new equipment. The French government plans to invest €7 billion to strengthen synergies between clinics and research institutes, as well as investing in digital health and developing new medical devices to help France lead a new medical revolution.

8. Putting France at the forefront of cultural and creative content production. As the country that invented copyright and pioneered the principle of "cultural exceptions", France wants to defend its "imagination" against the cultural imperialism of the American hegemon. With 640,000 jobs and a turnover of 91 billion dollars, the French cultural and creative industries are an extremely important sector for France. Macron wants the public sector to invest and provide a platform for young creatives to develop their creativity.

9, to fully engage in new space adventures, including reference to the SpaceX model (a disruptive innovation model driven by innovative players with investments fuelled by state agencies and a federal base), with small reusable launchers, microsatellites, etc. by 2026. According to Macron, "We live in a space world that is an oligopoly, controlled by a few countries, where a few operators played and continue to play a very important role." Thus, Macron's announcement of a new Space Command in 2019 (Columnist: France's creation of a Space Force is a direct result of President Trump's announcement in 2018 of the creation of a Space Force as the sixth branch of the US military, which clearly breaks the principle of "demilitarisation of space", but the US attempt to monopolise military power in space (This is the only way to counter unipolar monopoly with multipolar oligarchy).

Macron believes that "France is the world's second largest maritime power" and must continue this advantage (Zong Jun: admittedly, the countries capable of deep-sea exploration and development are all major powers today, such as the joint development of the Bingham Rise by China and the Philippines. The global commons of space, deep sea, cyberspace, polar regions and the atmosphere will become new areas of expansion between the great powers in the future).

Five key conditions for the success of the France 2030 project

According to Macron, five conditions are needed for the success of the France 2030 investment plan.

1. Ensuring access to the necessary materials, including plastics, metals, rare earths and the development of recycling technologies for these materials, as France is expected to promote the concept of the "circular economy".

2, to guarantee the supply of electronic components, to double French semiconductor production and innovation capacity by 2030, and to designate a roadmap for smaller electronic chips. Macron believes that robotics is now at the heart of industrial competitiveness, which is why France has invested nearly €6 billion in physical and electronic components.

3, a secure digital environment is needed, with the core foundations being artificial intelligence, cyber security, cloud computing and quantum computer programmes. For example, the construction of a cloud with full sovereignty within 5 years. This is an area where further solutions need to be negotiated between France and Europe.

4, Ensuring human resources, France will invest €2.5 billion to accelerate training in new areas in partnership with schools, universities and research institutes.

5. Responding to the capital revolution, it is essential to focus on investing in the industrialisation of disruptive technologies. As part of France 2030, France will make strategic investments in disruptive start-ups and industrial start-ups. For example, France has set up the Initiative Tibi fund for the fourth industrial revolution, and the French public investment bank Bpifrance is investing in Deeptech and industrial start-ups.

Author: Xia Guo Han

Typesetter:jiyudi