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US$3.1b deals inked to buy 20 Airbus A330s
Closer design and manufacturing partnership with China may help Airbus win more orders in China, analysts said. In addition to the big deal with Airbus, China yesterday also sealed a batch of agreements with Spain in a bid to expand co-operation in the fields of culture, trade, finance, transport and telecommunications. Motivated by China's rapid development, the Spanish prime minister has put economic and trade co-operation at the top of the agenda for his three-day visit to China, the first since he became prime minister last April. During the meeting, Wen expressed his condolences for the victims of recent forest fires in Spain, saying he hoped the local people would be able to reconstruct their homeland as quickly as possible. He said China is looking forward to upgrading co-operation with Spain by establishing a dialogue mechanism, expanding trade and strengthening people-to-people exchanges. He said China would offer co-operation in the implementation of the Spanish Government's "China Programme" and increase imports from Spain. The Spanish Government issued a "China Programme" in May, aiming to strengthen its economic relationship with China. It said the Chinese market would be given priority in Spain's overseas
development and also promised to invest 690 million euros in China over the next
three years. According to Xinhua, the bulk of the investment will be spent on
developing trade and tourism.
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