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/ 27 October 2006
French President Jacques Chirac visited the central Chinese industrial city of Wuhan on Friday, aiming to boost French efforts to tap into China’s fast-growing economy. Buoyed by more than -billion in deals bagged on Thursday in Beijing, where he met President Hu Jintao, the French leader openly lobbied for more contracts at a lunch with local business leaders.
Vivendi Universal’s battered stock soared on Thursday after a team of French business veterans took charge of the media group.
Media giant Vivendi Universal saw a third wiped off the value of its shares on Tuesday as persistent worries over its finances panicked investors despite the imminent ouster of its unpopular chief.