Huawei signs deal with Russian telecoms firm to develop 5G - BBC News
Donald Trump visited Beijing in , follows a year-long vacuum of purchases in which China failed to place significant orders amid global trade tensions. It also comes as the grounding of the Boeing MAX has left uncertainty over Boeing's immediate hopes for a major jet order as the result of any warming of U.
There was no evidence of any direct connection between the Airbus deal and Sino-U. The United States and China are edging towards a possible deal to ease a months-long tariff row and a deal involving as many as Boeing jets had until recently been expected as part of the possible rapprochement.
China was also the first to ground the newest version of Boeing's workhorse model earlier this month following a deadly Ethiopian Airlines crash, touching off a series of regulatory actions worldwide. Asked if negotiations had accelerated as a result of the Boeing grounding or other issues, Airbus planemaking chief and designated chief executive Guillaume Faury told reporters, "This is a long-term relationship with our Chinese partners that evolves over time; it is a strong sign of confidence.
China has become a key hunting ground for Airbus and its leading rival Boeing, thanks to surging travel demand. But whether Airbus or Boeing is involved, analysts say diplomatic deals frequently contain a mixture of new demand, repeats of older orders and credits against future deals, meaning the immediate impact is not always clear.
The outlook has also been complicated by Beijing's desire to grow its own industrial champions and, more recently for Boeing, the U. French President Macron unexpectedly failed to clinch an Airbus order for planes during a trip to China in early and the two sides have been working to salvage it. Industry sources have said the year's delay in Airbus negotiations, as well as a buying freeze during the U. Open main navigation Live TV. Full Schedule. Live Radio. Live TV.
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China, US sign more business deals during Trump visit
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Bahasa Indonesia voaindonesia. Khmer voacambodia. Afaan Oromoo voaafaanoromoo. Georgia and China began discussing the possibility of establishing a free trade regime back in September , however, the Memorandum on finalising a Free Trade Agreement was signed in October and the agreement was finally signed in May In recent years Georgia has forged strong ties with China through bilateral trade and economic cooperation; Georgian wine is one of the most promising exported products to China. This is a 43 percent increase compared to With these numbers, China takes third place as the largest importer of Georgian wine.
Following the free trade agreement, Georgia and China had to work on developing innovative zones and joint industrial technologies.
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For this reason Georgia and China signed a Memorandum of Understanding on developing economic zones and entrepreneurial capacity between the countries within the Tbilisi Silk Road Forum in November This brings significant logistics and supply chain advantages to companies looking for a straightforward and tax-friendly business environment.