Beijing and Paris signed scores of deals on Wednesday worth 18
billion euros ($25 billion) on the second day of a lavish state visit by
the Chinese president, in what Francois Hollande said would bring
much-needed growth.
Xi Jinping and his wife Peng Liyuan have been given VIP treatment on a nostalgia-tinted trip to France marking the 50th year of full diplomatic ties between the two countries -- a visit due to culminate with a concert at the Versailles palace on Thursday.
On Wednesday afternoon, after kicking off his trip in the eastern city of Lyon, Xi travelled to Paris where he met with Hollande and signed a raft of deals.
"Eighteen billion euros of contracts -- that is jobs, growth and, most of all, significant prospects for the coming years," Hollande said during a joint press declaration with Xi.
By far, the biggest deal was a Chinese order for 70 Airbus planes worth more than $10 billion.
The order covers the purchase of 43 mid-range A320 planes and 27 long-haul A330s, the European aviation giant said.
China had already announced its intention to purchase the planes but subsequently froze the order due to a row over EU plans to impose a carbon emissions levy on airlines.
The Chinese leader is on his first-ever European tour and after visiting The Netherlands and France will head to Germany and Belgium.
Read more: China, France sign major business deals on President Xi's visit - Channel NewsAsia
Xi Jinping and his wife Peng Liyuan have been given VIP treatment on a nostalgia-tinted trip to France marking the 50th year of full diplomatic ties between the two countries -- a visit due to culminate with a concert at the Versailles palace on Thursday.
On Wednesday afternoon, after kicking off his trip in the eastern city of Lyon, Xi travelled to Paris where he met with Hollande and signed a raft of deals.
"Eighteen billion euros of contracts -- that is jobs, growth and, most of all, significant prospects for the coming years," Hollande said during a joint press declaration with Xi.
By far, the biggest deal was a Chinese order for 70 Airbus planes worth more than $10 billion.
The order covers the purchase of 43 mid-range A320 planes and 27 long-haul A330s, the European aviation giant said.
China had already announced its intention to purchase the planes but subsequently froze the order due to a row over EU plans to impose a carbon emissions levy on airlines.
The Chinese leader is on his first-ever European tour and after visiting The Netherlands and France will head to Germany and Belgium.
Read more: China, France sign major business deals on President Xi's visit - Channel NewsAsia
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