Airbus Lands $17B in Chinese Orders on Sarkozy Visit

French net $30B total; prez seeks higher yuan
By Jim O'Neill,  Newser User
Posted Nov 26, 2007 7:46 AM CST
Chinese President Hu Jintao, right, shares a toast with French President Nicolas Sarkozy, center, and French Minister for Ecology and Sustainable Planning and Development Jean-Louis Borlo, left, after...   (Associated Press)
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(Newser) – French companies, led by Airbus, have landed $30 billion in deals during President Nicolas Sarkozy’s first visit to Beijing, where he urged the Chinese to accelerate appreciation of the yuan. The aerospace giant’s $17-billion order put Airbus back in the lead over competitor Boeing for orders this year, Bloomberg reports, and Areva’s $11.9-billion contract to build two nuclear reactors was a company record.

“China's spectacular development is a chance for the world,” Sarkozy said today, calling for "harmonious and fair exchange rates." Sarkozy is the first of several world leaders scheduled to visit Beijing in the next month to encourage the Chinese to strengthen the yuan. China’s trade surplus with countries sharing the euro has grown 25% in 2007.