The deal was signed in Paris by Guillaume Faury, president of Airbus Commercial Aircraft and future Airbus chief executive, and Jia Baojun, chairman of CAS, in the presence of visiting Chinese president Xi Jinping and French president Emmanuel Macron.
The French government described it as a "high-level meeting on the challenges of multilateralism". The two countries should fully use the China-France high-level people-to-people and cultural exchange mechanism, and promote cooperation in culture, tourism, language, youths and at local level, he said. They also acknowledged they were rivals and there were concerns about unfair competition and continuing coordination on climate change. As bilateral relations between Beijing and Washington are rapidly deteriorating due to the trade war started by U.S. President Donald Trump, opposition to the American hegemonic order is the glue of the consolidated partnership with Russian Federation, aiming to move the pivot of the global economic structure towards the East. When Juncker, earlier pictured clasping Xi's hands warmly as on the steps of the Elysée Palace on Tuesday, spoke, the Chinese leader turned to him.
BEARDSLEY: The three Europeans, Macron, Merkel and Juncker, stood together on the steps of the Elysee Palace as Xi's auto arrived this morning.
This year marks the 15th anniversary of the China-Italy comprehensive strategic partnership, and next year will witness the 50th anniversary of China-Italy diplomatic relations.
He will also meet in Paris on Tuesday with German Chancellor Angela Merkel and European Commission President Jean-Claude Juncker.
The Belt and Road Initiative, championed by Xi, aims to link China by sea and land with Southeast and Central Asia, the Middle East, Europe and Africa, through an infrastructure network along the lines of the old Silk Road.
But Steven Blockmans, EU foreign policy expert at the Centre for European Policy Studies, said that while EU members seemed aware of the need to stand together "everyone is trying to strike their best bilateral deal with China".
He spoke of "win-win outcomes" between countries that explore ways of getting along with each other, based on "independence, mutual understanding, foresight and mutual benefit".
American Airlines canceling 90 flights a day due to 737 Max grounding
On Wednesday, the US Justice Department has summoned Boeing officials over safety and certification procedures of 737 Max planes. It did so after new information became available on the Ethiopian crash that indicated similarities with the Lion Air accident.
China wants to play a bigger role in worldwide organizations like the United Nations, the World Trade Organization and the global Monetary Fund that were created under a Western-based model.
Earlier on his trip, Xi visited Italy, which became the first G7 state to sign up to China's vast "New Silk Road" infrastructure project that has sparked unease in the USA and the European Union.
"China and France should work together which has a big importance", Hollande said.
Other major business deals on renewable energy and the food industry were signed Monday, in addition to bilateral agreements. Ang also pointed out that ongoing tensions between Beijing and Washington may encourage improved ties between China and Europe.
Second, China's strategy towards European Union member states tailors each country's key needs. In a joint statement following trade talks between European Union leaders and the Chinese president in Paris, France and China promised to work together "against environmental crimes, especially poaching and trafficking of species threatened with extinction".
French energy company EDF and the China Energy Investment Corporation signed a deal worth €1 billion ($1.1 billion) to deliver two offshore wind farms in Chinese waters.
"Of course there are differences and competition, but it's positive competition", Xi told a joint press conference.