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US and China announce export contracts
19 January 2011
Coinciding with the visit of President Hu to Washington DC, the US and China have announced a raft of export contracts for US companies.
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NEI
Coinciding with the visit of President Hu to Washington DC, the US and China have announced a raft of export contracts for US companies.
Totalling some $45 billion worth of exports, the contracts will support 235,000 jobs in the US both at large US companies, and small and medium-sized enterprises.
Highlights of the announcement include the approval of the purchase of 200 Boeing aircraft valued at a total of $19 billion; 70 contracts for $25 billion in US exports from 12 states – from autoparts to agriculture, machinery to chemicals; 11 investment contracts were signed worth $3.24 billion; and additional, transactions were announced or showcased, exceeding $13.1 billion in total value with approximately $987.8 million in US export content.
A statement from the White House says: “These cross-border collaborations, both public and private, underpin the expanding US-China commercial partnership, contributing to economic growth and development in both countries. A number of these transactions highlight the increased collaboration in such areas as clean energy and green technologies.”
Click here for the full list of transactions.