Macron Says EU Needs Coordinated Stance On Chinese Trade

Macron Says EU Needs Coordinated Stance On Chinese Trade

U.S. President Donald Trump celebrated a $37 billion Boeing Co. order following his first visit to Chinese counterpart Xi Jinping in November, only for it to emerge that the bulk of the 300 jets involved were from previously agreed transactions.

USA rival Boeing sold 300 jets last November during a visit by President Donald Trump as China splits orders to cope with airline traffic as middle-class aspirations grow.

The French stance underscores a growing unease in parts of the EU at the one-sided nature of Chinese trade and the potential for China and other countries to pick off strategic European technologies.

"He wants to present himself as a leader of the European Union, but at the same time, I think he wants to send a signal that Europe and the European Union are in better shape than many think in China", Duchatel said.

Earlier in the day, he delivered an hour-long speech to Chinese entrepreneurs, scholars, and college students in the northwestern city of Xi'an, a gateway to the ancient Silk Road.

"We believe that this visit will enhance mutual trust and cooperation between our two countries", Xi said.

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The project's commercial agreement was signed by French nuclear and renewable energy group New AREVA and its Chinese partner during the meeting. Mr. Macron didn't specify when the deal for the new planes would be finalized.

Securing A380 sales in China has become a priority for Airbus, after the aircraft's main buyer, Dubai's Emirates Airline, failed to close an expected order for 30 new jets late previous year. He also delighted Chinese social media users by releasing a video of him learning to say his climate slogan - "Make the planet great again" - in Mandarin.

French President Emmanuel Macron said Monday he hopes to forge a partnership with China on climate, security and other issues during a visit to expand European ties with Beijing.

USA and European firms also complain about being forced to hand over intellectual property secrets in order to gain market access.

French banking giant BNP Paribas is also expected to set up a joint venture with a Chinese partner in the consumer credit sector, the same official said.

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