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France, China agree to reform global monetary system
(KUNA) -- France and China agreed to reform the global monetary regime, a senior French official said Friday.French Media quoted senior Presidential advisor as saying after summit talks between President Nicolas Sarkozy and his Chinese counterpart Hu Jintao in Nice, that points of view were close over objectives and methods to reform global monetary regime. The advisor, asking not to be named, said both leaders also agreed to hold a summit of monetary experts in China, probabaly next Spring. Sarkozy and Hu discussed situation of global monetary system as France will be chairing the G-20 in its next summit in Seoul, South Korea, on November 13, he said. Hu, asked by the big industrial countries to appreciate the Chinese currency, said in an interview that the Chinese currency exchange policy was balanced and responsible. China signed USD 20-billion contracts with France to buy aircraft and to cooperate in nuclear and energy domains. The Elysee Palace said China requested 102 Airbus aircraft with USD 14 billion. A Chinese energy company signed a USD 3.5 billion contract the France's state-owned nuclear company (Areva) to supply Chinese electricity company with uranium. Both sides also signed an agreement to treat uranium in China. Other contracts were signed to establish a life insurance company in China, and French Total signed an agreement with China to drill and manufacture clear fuel. Posted by: Fred 2010-11-06 |
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