World

France resists China investment to shield technology from looters

France resists China investment to shield technology from looters

The value of the deal was not immediately disclosed, but at list prices for the single-aisle planes it could total at least $18 billion.

Speaking on this occasion, Chinese President said that China stands ready to promote exchanges and enhance mutual trust and cooperation with France in order to inject new impetus into the development of the both countries. He is visiting China for the first time as president from January 8-10, 2018.

Macron, on his first visit to China since being elected previous year, was due to meet Xi and other Chinese leaders for talks Tuesday and Wednesday that his government said also would include issues such as North Korea, the fight against terror financing and climate change.

The firm seeks to sell more than 100 passenger planes in the world's second-largest economy.

Airbus chief operating officer Fabrice Bregier, who led the company's delegation, had earlier focused on the industrial relationship with China, saying on Tuesday that A320 build rates at a plant in Tianjin, east of Beijing, would accelerate to six aircraft a month by 2020 from four now.




When US President Donald Trump visited China in November a year ago, Beijing agreed to buy 3,000 Boeing aircraft worth $ 37 billion.

"Excellent news for France's beef producers, who consider the potential of the Chinese market a strategic opportunity", said France's producers' association Interbev. "We count on President Macron to firmly remind the Chinese of France's commitment to the principles of the Universal Declaration of Human Rights and to press for the release of prominent detainees such as Liu Xia and Huang Qi".

"And, they'll need to invest, because the Chinese don't know about French beef", Chaumet added. In fact, Macron appeared as "perhaps the leader of Europe at this very moment" said Philippe le Corre, a research fellow at the Harvard Kennedy School.

Macron came to China with some 50 business leaders, including the heads of European aerospace giant Airbus and French state nuclear energy company Areva.

Jean Pierre Cabestan, professor of political science at Hong Kong Baptist University, said while France would like a larger share of the market, Macron was playing a longer game.


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