I still trust in a European way.
That used to work, but since China showed France and Germany what they'd lose for doing just that, the only possible arms deal would be police firearms for the police...
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Recently France lost some big contracts in China and now, they just win one big contract with Taiwan... I even spoke to a french manager recently who admitted that business with China is becoming quite boring and disappointing to them, given the fact that Sarkozy's Administration was clever with PRC from the beginning.
I guess Germany has more to lose than France...
Until the Chinese start looking for more nuclear power plants and Airbus orders. France definitely does not want to be cut out of that (with everywhere else in the world looking bleak for nuclear power at the moment). That could be worth, say $10 billion while a sale of used worn Mirage 2000 or Rafales isn't going to net nearly that amount.
Pure hopes... remember about 5 years ago, when France dreamt of these big chinese contracts...
First of all, EADS is not a french company at all. That s a european one hiring less people on french soil... facing now upcoming chinese rivals on the civilian jets market. The second point is totally puzzling since the Fukushima dramatic event. All in all the time when France supposed to make very big deals with China has gone. Mainland gave illusions to french, now it s time to stop thinking that they can put their eggs in the same basket. And I think lot of french businessmen and analysts are aware of that.
November 27, 2007
French seal $12bn Chinese nuclear deal
Jane Macartney in Beijing and Robin Pagnamenta
President Sarkozy helped to clinch the world’s largest commercial nuclear power contract yesterday, winning an agreement to sell French-designed reactors and atomic fuel worth nearly $12 billion to China.
The deal with Areva, the state-owned French nuclear energy giant, forms part of an ambitious Chinese drive to satisfy the country’s growing hunger for energy.
Areva said that the $11.86 billion (£5.7 billion) contract to build two European pressurised water reactors (EPRs) and to supply more than a decade’s worth of fuel was a global record for the industry.
The EPR is the world’s most powerful nuclear reactor design. Each unit is capable of generating 1,700 megawatts of electricity. After Finland and France, China will be home to only the third and fourth EPRs to have been built.
Chinese President Hu Jintao and French President Nicolas Sarkozy agreed to boost cooperation in areas including new energy, "new materials" and especially nuclear safety during a meeting between the two leaders, Chinese state television reported Wednesday.
The two leaders also agreed to strengthen cooperation in areas including trade and aviation, the report said, without elaborating.
While in China , Sarkozy will also travel to the city of Nanjing Thursday to preside over an informal Group of 20 industrial and developing nations seminar on currencies, which will be attended by several finance ministers and central bankers of G-20 countries.
France, China agree to build reactors in common
* China signs $20 bln of business contracts in France
PARIS, Nov 4 (Reuters) - France and China have agreed to form a strategic partnership in civilian nuclear power that ranges from building reactors in common to exploiting uranium mines, French President Nicolas Sarkozy said on Thursday.
His announcement came after a meeting with Chinese President Hu Jintao, in France for a three-day visit, and the signing of a slew of business deals including a $3.5 billion contract with energy firm Areva CEFPi.PA to supply 20,000 tonnes of uranium.
The partnership marks the coming together of French expertise in civilian nuclear power -- France is overwhelmingly dependent on nuclear energy -- and China's insatiable appetite for cheap energy to fuel its economic growth.
"We have decided to work without limits on a strategic collaboration in the nuclear domain that will go much farther on the full spectrum of nuclear activity," Sarkozy said in a speech after a deal-signing ceremony in the presidential palace.
The two countries will work on nuclear reactors, fuel recycling and uranium extraction and will consider selling the products of their collaboration to third parties, he added.
During a visit aimed at smoothing over trade tensions with Europe and discussing France's upcoming Group of 20 initiatives, Paris and Beijing solidified their business ties with some $20 billion worth of deals.
Hu assured France of China's backing when it takes over the presidency of the G20 economic leadership forum later this month and both leaders called for broad reforms of the financial system with the aim of reducing global economic imbalances. (Reporting by Yann Le Guernigou and Emmanuel Jarry; Writing by Nicholas Vinocur; Editing by Matthew Jones)
EADS is still going to be selling Airbus jets and helicopters to China for a very long time (the C191 only occupies the low end of the market).
France got a $12 billion nuclear contract in 2007 with China.
There will be more to come obviously, long as Paris plays ball.
Edit more deals:
Fukushima? China is going to keep on building and buying reactors no matter what everyone else does, they need the electricity too much.
So don't get your hopes up again.
Looks like you don't know the past deals with Mirage 2000-5 and the La Fayette frigates left Taiwan with pretty bad memories about dealing with the French.
Even if the French would dare to make such deals, it'd be...let's say "interesting" if and when any Taiwanese administration propose another deal with France - just imagine what kind of mayhem the media and politicians of both camps would unleash at even just a whiff in that direction...long since the Taiwanese can make any objective and cool-headed long term planning at defense concerns.