China Business Takes Wing

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Airbus is flying high in China. Picture source: Reuters.

Airbus won one of the biggest orders for civilian aircraft in its history to deliver 140 planes valued at €20 billion to China.

The contract was awarded in Berlin after German Chancellor Angela Merkel and Chinese President Xi Jinping witnessed the signing of a framework agreement for a wide-ranging cooperation.

The new accord on the eve of the G20 summit in Hamburg is another sign that Europe is looking for closer cooperation with China amid frictions with US President Donald Trump over trade and climate change.

“It’s certainly a good sign so shortly before the G20 summit,” Airbus chief executive Tom Enders said in announcing the contract in Berlin.

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