PARIS Saquon Barkley Jersey , July 6 (Xinhua) -- French carmaker PSA Peugeot Citroen has officially confirmed Monday to complete the ownership transfer of Ligue 2 club Sochaux to a Chinese company Ledus.
"This is the culmination of a process begun almost a year ago," said the second division club's president Denis Worbe at the club's Bonal stadium.
It makes Sochaux the first soccer club in Europe under the full control of a Chinese investor, and the third in France with a foreign ownership following Ligue 1 clubs Monaco and Paris Saint-Germain.
"We do not want to change anything in the club," said Li Wing Sang, chairman of Ledus' holding company Sam Hubbard Jersey , the Tech Pro Technology Development, who accompanied Worbe at a press conference on Monday.
"The goal is to keep its culture and to make its history continue," Li said, ensuring to "be there for the long term". "We are not traders," he said.
Ledus Sam Darnold Jersey , a Hong Kong listed electrical components manufacturer specializing in the production of LED-based lighting systems, had contacted the club's previous owners Peugeot in February to propose a "credible project for the club" for "all the issued share capital and voting rights".
Seven weeks ago, Ledus reached an agreement with the French automotive giant of buying 100% of Sochaux's shares for seven million euros.
"We hope to return to Ligue 1 in the shortest possible time," added Li on Monday. With that intent, the new owners of the club promised to allocate a higher budget than last season.
"FCSM make an international brand reach many markets Roquan Smith Jersey ," he explained.
Sochaux is one of the oldest club in French soccer leagues, founded by the Peugeot family in 1928 for its workers. It had spent a record 66 seasons in the top flight before being relegated in 2014.
The club won two Ligue 1 champions in 1935 and 1938 as well as the French Cup holders in 1937 and 2007.
With the 2015-2016 season of Ligue 2 scheduled to kick off late this month, the club's first team and technique staff are focused on the summer preparation before traveling to Clermont on July 31 for their opening match.
PSA Peugeot Citroen, who has in recent times focused on motor racing and tennis, announced last year that it wanted to sell the football club and concentrate on auto racing Ronald Jones Jersey , while Tech Pro and its Ledus subsidiary, which specializes in making LED products, wants to use Sochaux to promote its expansion in Europe.
Chinese President Xi Jinping said promoting supply-side structural reform in agriculture will be the main theme in next year's rural and agricultural work.
China will encourage new growth engines in agriculture and rural areas to improve productivity and competitiveness, said Xi, also general secretary of the CPC Central Committee.
Xi made the remarks during a meeting of the Political Bureau Standing Committee of the CPC Central Committee Rashad Penny Jersey , held ahead of the central rural work conference.
The government should optimize the agricultural industry and product mix while ensuring national food security, Xi said.
China will promote intensive agricultural development to help reduce poverty and facilitate urbanization to benefit ordinary rural households, Xi added.
The roles of the government and the market should be coordinated in guiding agricultural production and improving industry and product mix, and innovation by local governments should be encouraged, Xi said.
Chinese Premier Li Keqiang made similar points at an executive meeting of the State Council Rashaan Evans Jersey , urging governments to accelerate modernization of agriculture and promote innovation and entrepreneurship in rural areas.
As agriculture was overlooked in the country's supply-side structural reform, the prices of agricultural products were negatively affected by reforms of other industries like the real estate and manufacturing, said Li Guoxiang, a researcher at the Rural Development Institute of the Chinese Academy of Social Sciences.
Li Guoxiang said a new pricing mechanism for agricultural products is key to promoting agricultural reform, adding that the government should not intervene in the pricing Quenton Nelson Jersey , and subsidies should not be correlated with prices.
"The government should give play to the market forces to avoid overproduction," Li Guoxiang told the Global Times.
Farmers and college graduates should be encouraged to participate in the reform and agricultural technology innovation in a bid to make domestic agricultural products more competitive and safer, Li Guoxiang added.
As reform is crucial to the sector's long-term growth, no disruption will be tolerated, said the statement after the central rural work conference.
Three bottom lines are no decline in grain production capacity P.J. Hall Jersey , no change to the income growth trend for farmers, and no problems in rural stability, the statement said.
Premier Li also called for greater efforts in poverty reduction in rural regions to help poor people make a living on their own.
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