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Media Report
March 26 , 2019
  • Bloomberg reports, "As Europe struggles to come up with a coherent position on China, President Xi Jinping has a suggestion: just trust Beijing. Xi sought to lay to rest suspicions about his global plans at talks with European leaders in Paris on Tuesday amid mounting concern over China's growing influence, predatory investments and possible hacking of 5G data networks. On Monday, the Chinese delegation announced a $35 billion jet order for Airbus SE, the joint European planemaker, as a sign of goodwill. 'We cannot let mutual suspicion get the better of us,' Xi said at a joint press conference with French President Emmanuel Macon, Germany's Angela Merkel and European Commission President Jean-Claude Juncker. 'We must not always be guarded against each other and worry that they may do something behind our back. That is very important. That is something we need to avoid.'"
  • Reuters reports, "As the U.S. further pushes to separate itself from Chinese telecommunications equipment maker Huawei Technologies, the Pentagon is laying the groundwork to use technology from rivals Nokia and Ericsson in its 5G development plans, a Pentagon official said on Monday. 'I am not sure we are going to have a total U.S. solution,' Ellen Lord, the Department of Defense's under secretary of defense for acquisition and sustainment said. 'We are talking to Ericsson, we are talking to Nokia quite a bit.' Simultaneously, the U.S. is laying the groundwork to develop its own technology to support 5G enabled communications, said Lord, who is the Pentagon's chief weapon's buyer. The United States has lobbied Europe to shut out Huawei, saying its equipment could be used by the Chinese government for espionage. But the European Commission is expected to ignore U.S. calls to ban Huawei Technologies."
  • CNN reports, "As Boeing struggles with the 737 Max crisis, its big rival Airbus has announced a huge order from China. The European plane maker said Monday that it has reached a deal to sell 300 passenger jets to Chinese airlines. The agreement was signed during Chinese President Xi Jinping's visit to France. The order covers 290 planes from the A320 family and 10 from the A350 line, Airbus (EADSF) said in a statement. The company said the agreement showed strong demand from all areas of China's rapidly expanding aviation market, including 'domestic, low cost, regional and international long haul.' The European manufacturer didn't specify the total value of the deal and didn't respond to a request seeking further comment. Based on Airbus' list prices, the planes are worth roughly $35 billion altogether, but customers typically receive significant discounts from the list prices and can get bigger reductions for huge orders."
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