French deals from Hu visit hit US$22.8b
Source: Agencies |
November 6, 2010, Saturday
|
Print Edition
Print Edition
FRENCH companies will sell uranium, Airbus aircraft and technology worth 16 billion euros (US$22.8 billion) to China in deals announced during Chinese President Hu Jintao's visit to France.
As Hu and French President Nicolas Sarkozy watched on Thursday, business leaders signed deal after deal, including an agreement by Chinese companies to buy 102 aircraft from European plane maker Airbus.
The three-day state visit by Hu started on Thursday with a red carpet welcome at the airport, Chinese flags fluttering in the streets of Paris and a state dinner at the Elysee Palace.
Sarkozy praised China's staggering recent development, adding: "The world is confidently waiting for (China) to take on all the responsibilities that accompany its rediscovered power."
The Airbus deal alone - which will see airlines including Air China, China Eastern and China Southern buy the A320, A330 and A350 models - is worth around US$14 billion.
Other deals included a US$3.5 billion agreement for France's Areva nuclear engineering firm to sell China Guangdong Nuclear Power Corp 20,000 tons of uranium over a decade. France's Total SA oil giant and China Power Investment Corp vowed to cooperate on transforming coal into olefins, a chemical used in the plastics industry.
Cooperation is cultural too: Paris' Louvre Museum and Beijing's Forbidden City agreed to work together.
Later yesterday, Sarkozy and Hu visited the city of Nice.
Today Hu flies to Lisbon.
As Hu and French President Nicolas Sarkozy watched on Thursday, business leaders signed deal after deal, including an agreement by Chinese companies to buy 102 aircraft from European plane maker Airbus.
The three-day state visit by Hu started on Thursday with a red carpet welcome at the airport, Chinese flags fluttering in the streets of Paris and a state dinner at the Elysee Palace.
Sarkozy praised China's staggering recent development, adding: "The world is confidently waiting for (China) to take on all the responsibilities that accompany its rediscovered power."
The Airbus deal alone - which will see airlines including Air China, China Eastern and China Southern buy the A320, A330 and A350 models - is worth around US$14 billion.
Other deals included a US$3.5 billion agreement for France's Areva nuclear engineering firm to sell China Guangdong Nuclear Power Corp 20,000 tons of uranium over a decade. France's Total SA oil giant and China Power Investment Corp vowed to cooperate on transforming coal into olefins, a chemical used in the plastics industry.
Cooperation is cultural too: Paris' Louvre Museum and Beijing's Forbidden City agreed to work together.
Later yesterday, Sarkozy and Hu visited the city of Nice.
Today Hu flies to Lisbon.
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