19
Jan
11

east meets west

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President Barack Obama and Chinese President Hu Jintao hold a joint press conference in the East Room of the White House, January 19

Earlier in the day:

CNN: The Chinese government has approved contracts worth a total of $45 billion with U.S. companies to export goods to China, the Obama administration said Wednesday.

The contracts will support an estimated 235,000 jobs for American workers … the deals cover a variety of exports, including agricultural products, computers, automobiles and auto parts, as well as industrial materials and technology.

….In preparation for the visit, China approved $19 billion in contracts with Boeing to provide 200 planes for Chinese airlines over the next three years, which will support an estimated 100,000 jobs.

The Chinese government has signed 70 contracts with U.S. exporters to provide goods for state-owned companies, the White House said. Those contracts total $25 billion and involve companies from 12 U.S. states.

The White House said 11 investment contracts worth $3.24 billion have been signed with China, and $13.1 billion worth of “other transactions” are being “announced or showcased.”

Read the full article here


1 Response to “east meets west”


  1. 1 Eleroy
    January 19, 2011 at 8:47 pm

    Thank God for President Obama!!!


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