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Aug 30, 2012, 11.50 AM IST
China signed an agreement with Germany for 50 Airbus planes worth USD 3.5 billion as German Chancellor Angela Merkel began her visit to China, state news agency Xinhua said, the first significant Airbus deal with China since a dispute between Beijing and the European Union over emissions trading.
The dispute between Beijing and the EU had interrupted earlier deals worth up to USD 14 billion.
China's ICBC Leasing and Airbus, whose parent company is EADS
Industry sources said on Monday that Airbus had hoped to win orders of up to 100 A320 planes, potentially worth USD 9 billion.
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