Amid the ongoing Fourth Industrial Revolution around the world, Pascal Cagni, the chairman of the board and ambassador for international investment at Business France, said that France is witnessing a rebirth in entrepreneurship and innovation.

Cagni expressed that France has gone through a massive transformation, especially when it comes to the mindset of young people. “Today up to 55-60 percent of them want to become entrepreneurs. When they talk about entrepreneurship, general purpose technologies are at the heart of what they want to do. That's what's happening in France. It's refreshing and enthusiastic,” Cagni said.

Cagni mentioned that France has an inherent strength due to its geographical location. The country is the ideal entry point to the European markets and is close to the Arab world and Africa. Cagni said French policymakers welcome investors to come to France to focus on research and development.

“We're putting in tax incentives for researchers. And France has really become the place to go when you think about R&D centers in Europe,” he said. “You've got large companies like Fujitsu, Google, Facebook, IBM Watson, which have been taking full benefit of this opportunity and we would love to have more of the Chinese companies to come over and invest in R&D centers.”

France has an amazing initiative known as French-Tech, which, together with a program called the French-Hub, is helping the country draw in talents, expand employment and encourage startups.

“We have a history of industrial revolution,” Cagni explained. “All of that really plays to our favor: a better economy, more people who want to become entrepreneurs, and more talent, that's critical to what we want to do.”

(CGTN's Michael Wang also contributed to this story)