Arab Today, arab today china signs giant airbus deal as merkel visits
Last Updated : GMT 21:47:11
Arab Today, arab today
Arab Today, arab today

European leaders competing for market share

China signs giant Airbus deal as Merkel visits

Arab Today, arab today

Arab Today, arab today China signs giant Airbus deal as Merkel visits

China has signed a contract to buy 100 Airbus A320 aircraft
Beijing - Arab Today

China inked a giant aircraft contract with European manufacturer Airbus Thursday, as German Chancellor Angela Merkel began a visit with European leaders increasingly competing for market share in the world's second largest economy.

Merkel's trip comes between a high profile visit to Britain by Chinese President Xi Jinping earlier this month, when he stayed at Buckingham Palace in London, and ahead of a trip to China by French President Francois Hollande next week.

China is the European Union's largest trading partner and several major EU countries including Germany, Britain and France are wooing the country in the hope of winning business and becoming hubs for the growing overseas trade of China's yuan currency.

The competition has made for awkward moments between the countries and their ally the US, China's greatest geopolitical rival, including their decisions to join Beijing's Asian Infrastructure Investment Bank despite Washington's opposition.

Observers question whether the increased investment comes at the cost of softening stances against human rights abuses by the Asian giant, which has used political access as a cudgel to punish countries that criticise its behaviour.

However Merkel, who met with both the Chinese president and Premier Li Keqiang in Beijing on Thursday, also held talks with human rights activists on the first day of her trip to China, her spokesman said Thursday.

"At the end of the first day of her visit, Chancellor Merkel met members of Chinese civil society: human rights lawyers, writers and bloggers," her spokesman Steffen Seibert tweeted.

No details were given on the activists she met.

- 100 Airbus A320s -

Airbus and state-owned China Aviation Supplies Holding Group signed a deal Thursday for 100 A320 aircraft, a spokesman for the manufacturer told AFP, worth $9.7 billion at list prices.

They also confirmed 30 options for twin-aisle A330s, which were among a 75-plane deal announced in June ahead of a visit by Li to Airbus headquarters in the French city of Toulouse, the spokesman said.

Airbus -- which has an assembly facility in the northern Chinese port of Tianjin -- is engaged in a fierce struggle with the US' Boeing for dominance in the crucial Chinese market.

During Xi's visit to the US last month, Seattle-based Boeing announced a record purchase of 300 aircraft worth around $38 billion.

China is expected to add 6,330 new aircraft worth $950 billion to its commercial fleet by 2034, Boeing said in August in its annual China Current Market Outlook.

- 'No queen' -

Merkel's visit comes in the middle of a whirl of diplomatic activity involving Beijing, and in a commentary the official Xinhua news agency raised the prospect of a "honeymoon" between China and Europe.

"China has become a keyword in recent European diplomacy," it said. "A consensus on expanding pragmatic cooperation with China has been reached among many practical politicians there."

Merkel said she was "very happy" to know that Xi had paid such a fruitful recent visit to Britain, stating: "We welcome competition that is conducive to the promotion of business."

"In Germany, we don't have a queen," she added, to laughter.

On Friday, Merkel will go with Li to his home province of Anhui, where she will visit a village and a school, echoing Xi's escorting of Indian Prime Minister Narendra Modi to his ancestral province of Shaanxi when he visited in May.

"This is the first time since I've become premier that I've accompanied a foreign leader outside Beijing," Li said.

It "clearly indicates" the good relations between the two leaders and their countries, he added, which have continued despite Merkel's sometimes tough language on China's human rights record.

Merkel has raised the issue publicly on past trips, while Britain has largely shied away from the subject after a meeting with exiled Tibetan spiritual leader the Dalai Lama was met with a high-level Chinese freeze-out.

Other deals signed in the presence of Merkel and Li on Thursday included cooperation between mobile phone manufacturer Nokia and China Mobile, as well as Chinese bank ICBC and embattled car giant Volkswagen, which has previously been heavily fined for violating Chinese anti-trust laws.

The company, which has come under fire for faking fuel efficiency results, signed a cooperation deal for the Industrial and Commercial Bank of China to provide it "comprehensive" banking services and support "in China and within a global scope," according to a statement published on the website of the automakers' China venture.   

Deutsche Boerse, Germany's stock exchange operator, will also establish a joint venture with China Foreign Exchange Trade System in Germany.

Chinese growth is slowing, with expansion falling to its lowest level since the global financial crisis in the third quarter, but Merkel said she continues to "have confidence in the Chinese economy," adding that economic development undergoes "waves and changes".

Li said: "China's industry development level lags behind that of Germany. We need to learn advanced concepts and technology from Germany."

Many EU firms complain Beijing restricts market access to sectors where Chinese firms in Europe are free to operate and tensions remain over market access and alleged Chinese "dumping" of products such as steel.
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china signs giant airbus deal as merkel visits Arab Today, arab today china signs giant airbus deal as merkel visits

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday