China and France Pledge More Cooperation on Plane Sales, 5G

  • Video meeting Tuesday lays out key economic, tech priorities
  • Sign of cooperation may give Airbus a sales leg up on Boeing
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China and France promised to work more closely in areas ranging from aircraft sales to 5G networks in a video meeting that highlighted some of the countries’ biggest economic concerns during the pandemic-driven slump and an intensifying rivalry with the U.S.

The two sides “strongly value active discussions” between planemaker Airbus SE and Chinese airlines on jet deliveries this year, as well as deeper ties in the future, they said in a statement published Tuesday by China’s Ministry of Finance. The document summarized the meeting, co-chaired by Vice Premier Hu Chunhua and French Finance Minister Bruno Le Maire.