posted on Apr, 5 2006 @ 10:53 PM
Just weeks ahead of a meeting between the Presidents of China and the United States, China is expected to sign contracts with U.S. Companies that
could Amount to 15 Billion dollars. The Biggest Contracts are expected to be signed with Motorola,Boeing and Microsoft.
WASHINGTON (Reuters) - Chinese companies could sign contracts this month to buy $15 billion worth of Boeing aircraft and other American goods and
services, a Chinese government spokeswoman said on Wednesday.
Chinese Vice Premier Wu Yi is heading a delegation of more than 200 business executives from 110 state-owned and private sector companies who will be
in Los Angeles on Thursday to sign contracts worth more than $4 billion, said Xiaomei Zhou, a spokeswoman for the Chinese consulate in Los Angeles.
Wu's buying mission comes just a few weeks before Chinese President Hu Jintao meets with U.S. President George W. Bush at the White House. Concerns
about Chinese barriers to U.S. exports, rampant piracy and Beijing's currency policies are expected to be high on the agenda for the April 20 meeting,
along with foreign policy matters.
Please visit the link provided for the complete story.
I know this will not make a dent in the trade deficit between China and the United States, But I am glad that China is showing interest in our
goods and services. Although I do hope that in the short term the signings of these contract might help the United States sluggish economy in the
short term. Maybe some of our more educated can give more pro and cons than I have.I look forward to reading your posts.