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Whopping deals with US foreseen

20
Apr '07
During the second Sino-US strategic economic dialogue in May, China is likely to sign import deals with the US, worth around $12 billion.

The proposed procurement delegation is to be led by Vice-Minister of Commerce Ma Xiuhong, will visit Atlanta, Chicago, San Francisco and Washington.

A wide range of agricultural and industrial products, from soybean and cotton manufacturing machinery to electronic products are likely to be procured from US.

Chinese enterprises last year signed about $16 billion in import deals with their US counterparts.

According to US data, these deals are the part of Chinese governments efforts to cut its huge trade surplus with the United States, which was more than 230 billion dollars in 2006.


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