China and France strengthen economic ties during Macron visit

Chinese President and General Secretary of the Communist Party Xi Jinping giving a speech during the introduction of the Communist Party of China's Politburo Standing Committee in Beijing's Great Hall of the People in October last year. Mr Xi has

[Hal Brands] China hasn't won the Pacific (unless you think it has)

"It's important. It's symbolic", said Brigitte Macron, whose husband campaigned as a centrist candidate in the French presidential election. While the accord would be worth $18 billion at list prices, it lacks the status of a formal agreement with the agency that approves Chinese aircraft purchases.

The announcement came a day after Macron held talks with his Chinese counterpart, Xi Jingpin. also signed a deal to buy 100 million euros of machinery from French engineering firm Fives.

"China and France are both great countries with splendid histories and the exchange and influence between us has deep historical significance for the world", Xi said.

The French President Emmanuel Macron, kick started his first official visit to China, by giving the host Xi Jinping a horse named Vesuvius. He brought along a delegation of corporate leaders and praised Mr. Xi's plan for massive infrastructure spending to promote trade and economic development across Eurasia and Africa. The attempt to reinvigorate ties also comes as the countries try to grapple with the strident nationalist tendencies of U.S. President Donald Trump and his harsh rhetoric towards the North's leader Kim Jong-un.

Chicago profs blast 'socially regressive' Obama Center plan
The Obama Foundation is in ongoing talks with the Chicago Public Library about opening a new branch on the site as well. The Obama Center as now planned will not provide the promised development or economic benefits to the neighborhoods.

"We welcome France to expand investment in China and exports of high-grade French products, and we hope the French side will further loosen exports of high-tech products to China", China's Premier Li Keqiang told Macron, according to a Chinese government statement.

On Tuesday, Airbus, based in Toulouse, signed a provisional deal to increase the output of A320s at its China assembly plant in Tianjin from four to six planes per month by 2020.

Macron has been looking to sign billions of dollars in trade links with China, thereby making France one of the biggest trading partners in Europe. China also pledged to maintain rough order parity between Airbus and Boeing. But trade tensions are also on the rise between China and the USA, home to Airbus rival Boeing.

During an official visit to Beijing, he said that too often in the past, European countries had come to China with some seeking more openness and others wary of granting more access to their markets.

Latest News