Saturday, 23 June, 2018

Airbus Is Close to Securing Big Chinese Order, Macron Says

As China Extends Its Influence Abroad, When Does Influence Become Interference? President Macron urged to raise human rights during China visit
Kenny Thornton | 12 January, 2018, 21:29

The value of the deal was not immediately disclosed but under the company's list prices for the single-aisle planes, it could total at least $18 billion.

The French leader on Monday visited the central Chinese city of Xi'an, a key link in the Belt and Road effort, ahead of the summit in the nation's capital.

The French President wants to improve diplomatic and trade relations with China, the world's second largest economy.

French President Emmanuel Macron and his wife Brigitte leave after a ceremony at the Hotel des Invalides in Paris.

China regularly splits large orders between Europe and the United States to cope with its fast-expanding airline traffic, but the momentum has recently been with rival Boeing, which sold 300 jets during a visit by US President Donald Trump previous year (2017).

"He wants to present himself as a leader of the European Union, but at the same time, I think he wants to send a signal that Europe and the European Union are in better shape than many think in China", Duchatel said.

On China-Europe ties, Xi said China firmly supports the integration of Europe and welcomes France's greater contribution to China-Europe ties.

Commercial property values to increase up to 50 per cent: BC Assessment
Changes in property assessments reflect movement in the local real estate market and can vary greatly from property to property. A 1908 heritage house in the Grand Boulevard area went up two per cent in the past year, for instance, to about $1.6 million.

"Macron seems to have come to the realization that he had better be on the right side of the table under China's divide and conquer strategy in Europe, i.e. a more accommodating stance towards China", she wrote.

Xi said the two countries would hold more high-level talks on trade.

An Airbus spokeswoman declined to say whether the company would agree to build the A380 in China with an aim to secure more orders.

The US President Donald Trump visited Beijing in November when he was given a lavish welcome.

Safran SA signed a $2.9-billion deal to provide engines to Spring Airlines, according to a statement from the French president's office.

The accord, which would allow French producers back into the huge Chinese market within six months, came as Macron made a three-day visit to the country, his first destination in Asia as France's leader.

The two presidents met again on Tuesday at Beijing's Great Hall of the People, and oversaw the signing of bilateral agreements, including the framework deals for Airbus and Areva in China.

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