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Plane, car deals mark Chinese state visit to France

China's President Xi Jinping and French counterpart Francois Hollande oversaw the signing of a series of industrial co-operation deals and multi-billion dollar aircraft sales in Paris on Wednesday, the business highlights of a Chinese state visit.Much of what was signed had only ceremonial significance.However, Hollande's government, bruised by losses in last weekend's municipal elections and deeply unpopular for its failure to tackle record unemployment, hopes to encourage more deals and harness France's patchy economic recovery more tightly to the growth of the world's second-largest economy."Eighteen billion euros' worth of contracts. That means jobs, growth, and above all the prospect of more to come in the years ahead," Hollande said.At the signing ceremony at the president's residence, the Elysee Palace, Dongfeng <0489.HK> and PSA Peugeot Citroen , signed a deal in which the Chinese car maker will buy a 14 percent stake as part of a recapitalization deal for the struggling French...

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