Updated: 2011-01-20 16:01
WASHINGTON-China and the United States on Wednesday agreed on $45 billion in US export deals and to give US companies greater access to China's $88 billion-plus government contracts market. this was a consequence of President Hu Jintao's four-day state visit.
White House officials said the agreements included a $19 billion contract to buy 200 Boeing aircraft for delivery between 2011 and 2013.
US President Barack Obama said at a joint press conference with Hu:
Another deal involving GE builds on an existing partnership with the Chinese Ministry of Railways to bring Chinese high-speed rail technology to the United States, and for GE to manufacture locomotives for China.
The White House also announced deals in various stages of development involving Honeywell, Caterpillar, Westinghouse Electric, a unit of Japan's Toshiba Corp, and other companies. The announcements underscore the theme of economic cooperation struck by Hu and Obama.
In the meeting with Chinese and US business leaders, Hu said he saw:
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The two leaders meet for the standard "grin and grip"
White House officials said the agreements included a $19 billion contract to buy 200 Boeing aircraft for delivery between 2011 and 2013.
US President Barack Obama said at a joint press conference with Hu:
From machinery to software, from aviation to agriculture, these deals will support some 235,000 American jobs -- and that includes many manufacturing jobs.
Another deal involving GE builds on an existing partnership with the Chinese Ministry of Railways to bring Chinese high-speed rail technology to the United States, and for GE to manufacture locomotives for China.
The White House also announced deals in various stages of development involving Honeywell, Caterpillar, Westinghouse Electric, a unit of Japan's Toshiba Corp, and other companies. The announcements underscore the theme of economic cooperation struck by Hu and Obama.
In the meeting with Chinese and US business leaders, Hu said he saw:
A promising future" for US-China trade and pledged to maintain a "transparent, just, fair, highly efficient investment climate" for foreign firms.
Americans should ask themselves if this breakthrough with China would have been possible with a Republican in the White House.
Would a GOP president be able to provide the appropriate level of pomp and circumstance for a world leader of a communist nation?
Would a GOP president be able to provide the appropriate level of pomp and circumstance for a world leader of a communist nation?
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