{"id":118159,"date":"2019-04-09T19:03:05","date_gmt":"2019-04-09T19:03:05","guid":{"rendered":"https:\/\/www.bnreport.com\/macron-steals-trumps-thunder-with-chinese-airbus-order-13\/"},"modified":"2019-04-09T19:03:05","modified_gmt":"2019-04-09T19:03:05","slug":"macron-steals-trumps-thunder-with-chinese-airbus-order-13","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/macron-steals-trumps-thunder-with-chinese-airbus-order-13\/","title":{"rendered":"Macron steals Trumps thunder with Chinese Airbus order"},"content":{"rendered":"<p>PARIS \u2014 While U.S. President Donald Trump is pushing for a trade deal to slash his countrys yawning deficit with China, it was his French counterpart Emmanuel Macron who landed a \u20ac30 billion <a href=\"https:\/\/www.airbus.com\/newsroom\/press-releases\/en\/2019\/03\/china-and-airbus-expand-their-partnership-in-civil-aviation.html\" rel=\"noreferrer noopener\" target=\"_blank\">aviation contract<\/a> with Beijing on Monday.<\/p>\n<p>China concluded a deal to buy 300 aircraft from Airbus during President Xi Jinpings 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 <a href=\"https:\/\/www.politico.eu\/article\/us-increasingly-isolated-as-europe-grounds-boeing-max-jets\/\" rel=\"noreferrer noopener\" target=\"_blank\">have been grounded<\/a> across the world this month, after two fatal crashes.<\/p>\n<p>The deal struck in France will ratchet up pressure on Trump to come good on his long-promised trade accord with China. That agreement seemed to be facing headwinds last week when Trump warned that tariffs on China would remain in place for a <a href=\"https:\/\/www.politico.eu\/pro\/trump-warns-hell-keep-china-tariffs-for-substantial-period-of-time\/?utm_source=POLITICO.EU&amp;utm_campaign=271bf9a051-EMAIL_CAMPAIGN_2019_03_20_06_23&amp;utm_medium=email&amp;utm_term=0_10959edeb5-271bf9a051-189900609\" rel=\"noreferrer noopener\" target=\"_blank\">\u201csubstantial period\u201d<\/a> even if a Washington-Beijing deal is struck.<\/p>\n<p>Macron on Monday stressed the \u201ccolossal progress\u201d needed to rebalance trade between the two countries \u2014 the EU ran a trade in goods deficit with China of some \u20ac177 billion in 2017 \u2014 while also hailing a slew of deals done in the health, infrastructure, transport, renewable energy and financial sectors.<\/p>\n<p>\u201cIn 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,\u201d Macron said during a joint press conference with his Chinese counterpart at the Elys\u00e9e Palace.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.politico.eu\/wp-content\/uploads\/2019\/03\/GettyImages-513263854-1-714x475.jpg\"\/><\/p>\n<p>An Airbus facility in Tianjin | Fred Dufour\/AFP via Getty Images<\/p>\n<p>Picking up on the geopolitical implications of the deal, Xi noted that \u201ca united and prosperous Europe corresponds to our vision of a multipolar world.\u201d According to newspaper Ouest-France, he added that \u201cChina will always support the integration of Europe and its development,\u201d and insisted that Europe is \u201ca major pole.\u201d<\/p>\n<p>Trying to play down any risk of rival models clashing in a region where both Paris and Beijing are trying to push their influence, Macron said: \u201cIn Africa we are not strategic rivals but we can be better long-term partners in the fields of security, education, infrastructure and development.\u201d<\/p>\n<h3>Deals \u00e0 gogo<\/h3>\n<p>The dealmaking also stretched well beyond planes.<\/p>\n<p>The countries agreed to allow French exports of chicken to China, <a href=\"http:\/\/www.lefigaro.fr\/conjoncture\/2019\/03\/25\/20002-20190325ARTFIG00155-voici-les-principaux-accords-commerciaux-signes-entre-la-france-et-la-chine-ce-lundi.php?cmtpage=0#comments-20190325ARTFIG00155\" rel=\"noreferrer noopener\" target=\"_blank\">Le Figaro<\/a> reported. French energy company EDF and the China Energy Investment Corporation also signed a \u20ac1 billion accord to develop an offshore wind farm off China.<\/p>\n<p>BNP Paribas, Euraz\u00e9o and the China Investment Corporation signed a memorandum of understanding to set up a Franco-Chinese cooperation fund, targeting \u20ac1 billion. BNP Paribas also signed a memorandum on co-financing with the Bank of China that could, according to the Elys\u00e9e, reach almost \u20ac6 billion in the next three years.<a href=\"https:\/\/www.politico.eu\/article\/macron-steals-trumps-thunder-with-chinese-airbus-order\/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Read More \u2013 Source<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PARIS \u2014 While U.S. President Donald Trump is pushing for a trade deal to slash his countrys yawning ..<\/p>\n","protected":false},"author":1,"featured_media":118160,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-118159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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