China to buy 60 Airbus planes from France

http://www.aljazeera.com/news/asia-pacific/2013/04/201342593155160420.html
The article talks about how French President Francois Hollande begins two-day visit to China in bid to bolster economic ties. President Francois became the first president to visit china since Chinese President Xi Jinping became the head of state last month. The announcement came in on the first day of the visit, which is focused on enlarging and expanding trade relations between China and France. The majority of the planes will be built in the Boeing plant 160km outside China's capital. France accounts for 1.3 percent of china's exports. The visit from the french president came as the french officials saw the trade deficit with China of $34bn last year unsustainable. there are high hopes that French nuclear giant Areva and the Chinese energy group CNNC will sign letters of intent on the construction of a nuclear waste treatment facility. Also, the french Carmaker Renault hopes to progress negotiations on a proposed factory at Wuhan that would produce 150,000 vehicles per year. The visit is expected to vastly boost trade between the two countries.