皇冠体育app

   

Chirac means business in 皇冠体育app

(Agencies)
Updated: 2006-10-26 08:39

French President Jacques Chirac arrived in 皇冠体育app yesterday for a four-day state visit with trade high on the agenda.

Accompanying Chirac is a 30-member French business delegation keen to boost economic and trade ties in key fields such as aeronautics, nuclear energy, railway transport, telecommunications and financial services.

In a meeting with French business leaders shortly after his arrival, Chirac called on them to act like "conquerors" as they engage 皇冠体育app's booming market, and he made a strong push for nuclear company Areva, which is competing for a contract to build next-generation reactors.

"We must fight in this affair," Chirac said of Areva, which faces US competition for the contract.

Soon after the delegation's arrival, the CEO of France's Alstom SA announced a deal to supply 500 freight locomotives to 皇冠体育app, in a venture with Chinese counterpart Dantong.

Patrick Kron confirmed the deal in Beijing, saying it would be worth more than US$1.28 billion.

French economic ties to 皇冠体育app have nearly doubled since 2000 but are still relatively slim.

France now holds only a 1.4 percent share in the expanding Chinese market while Germany has a 4 percent share, according to French government figures.

Chirac is scheduled to met President Hu Jintao and Premier Wen Jiabao.

Mei Xinyu, a researcher with the Chinese Academy of International Trade and Economic Cooperation, said: "I believe 皇冠体育app-EU relations will be another key topic on the agenda."

Yesterday, the European Union, in which France actively promotes 皇冠体育app-friendly policies, issued a policy paper promising to continue to seek "engagement" and "partnership" with 皇冠体育app.

Besides Beijing, Chirac will also visit ancient 皇冠体育app's capital Xi'an in Shaanxi Province, and Wuhan, capital city of central 皇冠体育app's Hubei Province, where he will attend a ceremony tomorrow to mark the start of construction of a second PSA Peugeot-Citroen factory.

Chirac is also expected to give a speech in the prestigious Peking University during his stay in Beijing.

The four-day visit to 皇冠体育app is Chirac's second in two years and likely the last of his mandate, which ends next year. He is unlikely to seek a third term.