China signs $20bn deals with France
The Chinese President Hu Jintao oversaw the signing of multibillion-dollar aircraft and nuclear fuel contracts with French companies yesterday and pledged close co-operation as Paris prepares to take over the G20 presidency.
Chinese officials signed contracts to buy 102 Airbus planes for a number of Chinese airlines and deals with Areva to build a nuclear-fuel treatment factory in China and supply uranium over 10 years. The contracts totalled $20bn (£12bn).
Mr Hu's three-day state visit to France, after which he travels to Portugal, comes at a time when European Union leaders have closed ranks with Washington in urging China to allow its yuan currency to appreciate more quickly, unsettling relations between Beijing and Brussels.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies