US, China ink $45 bln of export deals

[Pak123]

WASHINGTON (AFP) – The United States and China have agreed export deals worth $45 billion dollars on the margins of President Hu Jintao's US state visit, a senior Washington official said Wednesday.

"We will be announcing that $45 billion of US export deals have been concluded, supporting 235,000 US jobs," the official said.

The total includes deals worth $25 billion spread over 70 contracts and 12 US states and a massive contract for Boeing.

"The Chinese government will announce that it will approve the purchase of 200 Boeing aircraft, with an estimated value of $19 billion dollars," the official said.

Chinese businesses have descended on the United States to coincide with Hu's four-day visit, inking agreements with US titans Alcoa, General Electric, Honeywell, Westinghouse and Caterpillar.

The deals span sectors as diverse as agriculture, gasification, railways and hybrid buses.

An additional three billion dollars' worth of Chinese investment in the United States has also been announced.

US, China ink $45 bln of export deals - Yahoo! News

 

[Pak123]

US, China ink $45 bln of export deals

The United States and China have agreed export deals worth $45 billion dollars on the margins of President Hu Jintao's US state visit, a senior Washington official said Wednesday.

"We will be announcing that $45 billion of US export deals have been concluded, supporting 235,000 US jobs," the official said.

The total includes deals worth $25 billion spread over 70 contracts and 12 US states and a massive contract for Boeing.

"The Chinese government will announce that it will approve the purchase of 200 Boeing aircraft, with an estimated value of $19 billion dollars," the official said.

Chinese businesses have descended on the United States to coincide with Hu's four-day visit, inking agreements with US titans Alcoa, General Electric, Honeywell, Westinghouse and Caterpillar.

The deals span sectors as diverse as agriculture, gasification, railways and hybrid buses.

An additional three billion dollars' worth of Chinese investment in the United States has also been announced.

Trade spats have complicated relations in recent years, with US officials and lawmakers appearing increasingly exasperated about cheap Chinese products flooding the US market.

Washington has complained that Beijing has kept the value of its currency artificially low to boost its exports, risking dangerous imbalances in the global economy.

But US officials on Wednesday tried to shift the focus onto the benefits of trade with China, namely Chinese investment in the United States and US exports to China.

Both presidents and expected to meet with US and Chinese chief executives later in the day to underscore that message.

"(The) US firms are some of the major firms that have been exporting products to China, and the Chinese firms that have invested in the United States and created jobs in the United States," the US official said.

US, China ink $45 bln of export deals -  World News on xinmsn

 

[Pak123]

As mentioned in the news that China is going to buy up to 200 Boeing aircraft's, so will it be C-17 Globe Master's ?
Anyways great news as China is helping the American's to uplift their economy !

 

[Nair saab]

This news made remind me of a you tube video just watch it its dam hilarious!!! no offence just watch it .....................

 

[shanixee]

yeah thats really funny..

 

[fallstuff]

Starting later this year and through 2013, China agreed to take deliveries of 185 Boeing 737 jets worth $15 billion and 15 Boeing 777s worth $4 billion

link:

Boeing scores $19 billion jet order from China - MarketWatch

 

[Abu Zolfiqar]

i wonder how many American jobs will be created by this deal?

is Obama US president or is he now a marketer/sales rep for American origin aircrafts all over the globe

 

[H2O3C4Nitrogen]

Chinese are turning out to be nice commies ..

 

[Spring Onion]

Why an Indian finds it funny ?

 

[ChinaRocks]

A gift from china to obama for him to answer to his critics

 

[below_freezing]

We really need to get rid of useless foreign reserves and turn them into Boeings, corn and oil. However, this should not affect the production of China's own technology, such as the case with our nuclear plants.

 

[Nair saab]

Why an Indian finds it funny ?

I didnt find the news funny...as mr .hu is in America it made me remind the joke regarding hu, condolesse & the pakistani favorite mr Bush...take it a joke and move on....

 

[BigTree.CN]

As mentioned in the news that China is going to buy up to 200 Boeing aircraft's, so will it be C-17 Globe Master's ?
Anyways great news as China is helping the American's to uplift their economy !

Unlikely, maybe some Boeing787s.

 

[Hafizzz]

Why an Indian finds it funny ?

Because of this --> Sour Grape.

I doubt India can match China's offer to the USA.

 

[tallboy123]

So wat aircrafts,
Boeing C-17 C-130 or F-18 or Boeing 787?????