China and France signed contracts totalling US$15bil during a visit by President Emmanuel Macron, a Chinese government official said at a news briefing.
The energy deals included a memorandum of understanding between Beijing Gas Group and French utility Engie to collaborate on a liquefied natural gas terminal and storage in the northern city of Tianjin. The two countries also agreed to reach an agreement by the end of January 2020 on the cost and location of a nuclear fuel reprocessing facility to be built by Orano, formerly known as Areva.
Following a welcome ceremony at the Great Hall of the People in central Beijing, Xi said the two leaders had “sent a strong signal to the world about steadfastly upholding multilateralism and free trade, as well as working together to build open economies”.
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