Slew Of Deals Singed w/China On Macron Beijing Trip

Wires reporting a slew of corporate deals announced between French firms/state owned enterprises and China as part of President Emmanuel Macron's state visit to Beijing. Some of the deals include those between plane manufacturer Airbus and China Aviation Supplies Holding Company, rolling-stock manufacturers Alstom and CRRC on an electric system for Chengdu metro, container transporter and shipping firms CMA-CGM and Costco, Shanghai Int. Port Group on e-fuels, energy giant EDF and China Energy Investment Corp on offshore wind, and a renewal fo the global partnership between EDF and CGN.

• Earlier following their bilateral meeting, Chinese President Xi Jinping also confirmed a deal on agriculture titled 'from French farm to Chinese table'.
• These deals highlight the tough decision faced by many European leaders with significant economic interests in China. On one hand the EU institutions and the US have warned against reliance on Chinese supply chains and potential security risks. On the other, the vast scope of the Chinese economy makes it an attractive economic partner that could provide notable boosts to domestic industries if deals are reached.