Another place, another atmosphere. Xi Jinping’s visit to France is not expected to lead to any major breakthrough on Orano’s long-awaited contract to build a used nuclear fuel processing and recycling plant in China. Fifteen months after Emmanuel Macron’s visit to Beijing during which the French industrialist and his partner CNNC had concluded a new memorandum of understanding , Orano (the former Areva refocused on the fuel cycle) is still far from to have won the bet. At the time, Orano and CNNC had given themselves until the end of 2018 to formally agree on this mega contract of more than 10 billion dollars.
Les Echos 23rd March 2019 read more »
European Union leaders called for an end to naivety on Friday in relations with Beijing and said China was a competitor whose markets were not sufficiently open, although they did not spell out specifically what they planned to do. The bloc has sought to avoid taking sides in a multi-billion dollar trade war between Washington and Beijing. But it has become increasingly frustrated by subsidies and state involvement in the Chinese economy, and what it sees as a slow pace of opening up. It plans to raise these issues at an EU-China summit on April 9 after years of granting China almost unfettered access to EU markets. French President Emmanuel Macron, among the most vocal EU critics of Beijing, said that he recognized there was a divergence of views in the bloc but that letting Chinese companies buy up EU infrastructure such as ports had been a “strategic error”.
Reuters 22nd March 2019 read more »