€30 billion A320 Airbus order by China |
China concluded a deal to buy 300 aircraft from Airbus during President Xi Jinping’s state visit to France. The value of the deal was twice what was touted last year, and only compounds the woes of U.S. manufacturer Boeing, whose 737 MAX planes have been grounded across the world this month, after two fatal crashes.
Macron on Monday stressed the “colossal progress” needed to rebalance trade between the two countries — the EU ran a trade in goods deficit with China of some €177 billion in 2017 — while also hailing a slew of deals done in the health, infrastructure, transport, renewable energy and financial sectors.
“In the aeronautic sector, the conclusion today of a big contract in terms of A320s and big transporters, A350s, is an important advance and an excellent signal in the current context,” Macron said during a joint press conference with his Chinese counterpart at the Élysée Palace.
Read more: Macron steals Trump’s thunder with Chinese Airbus order – POLITICO
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