Published: Fri, January 12, 2018
People | By Leon Thompson

Major Airbus A320 and beef sales cap Macron's China visit

Major Airbus A320 and beef sales cap Macron's China visit

Earlier in the week, Chinese President Xi Jinping and French President Emmanuel Macron witnessed the signing of a Memorandum of Understanding between Airbus and the National Development and Reform Commission of China.

Macron said details have yet to be completed and he gave no financial figures. "Together with our Chinese partners we are proud to lift our cooperation to new heights", said Fabrice Brégier, Airbus COO and President of Commercial Aircraft. At the list price for A320s, the order could total $18 billion, but large buyers often get deep discounts.

He first joined Airbus in 2005, working on the A320 final assembly line programme, and was promoted to deputy general manager of the programme while also working as director of the Investment Bureau of the Tianjin Free Trade Zone Administrative Committee.

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Airbus China has shuffled its top management amid reports that its parent is considering additional production in the country.

Meanwhile, French beef producers hailed a deal reached during Macron's visit that China would end its embargo on French beef imposed in 2001 after Europe's "mad cow" disease scare of the late 1990s.

The partnership in the agri-food sector is particularly beneficial to China, France and the European Union, since China is the largest importer of European agricultural products, and accounts for 10 percent of the world's arable land and is home to 20 percent of the world's population, Dupuy added. Well Semin... At the start of his three-day visit, Macron came bearing gifts, including a horse from the French presidential cavalry.

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