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French and Chinese leaders sign multi billion euro trade deals during President Xi's state visit


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French and Chinese leaders sign multi billion euro trade deals during President Xi's state visit

China’s President Xi Jinping and French President Francoise Hollande got down to the real business of a state visit on Wednesday – the signing of lucrative deals.

Having declared his intention to re-balance France’s trade relationship with China, Hollande hopes Airbus and Peugeot agreements will make a dent in the deficit.

“Eighteen billion euros in contracts means employment, growth and especially prospects for growth for the years to come,” announced President Hollande.

Chinese President Xi Jinping said: “China and France are two nations with global influence. We have decided to reinforce our cooperation in proposing new ideas to establish a new international political order which is more equitable.”

Fifty agreements were eventually signed to represent 50 years of diplomatic relations between the two countries.

Hollande is relying on them to help dig France out of its economic slump and boost his own diminished popularity.

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