Highlights of New U.S. Trade Deals to China

Jan. 19, 2011
China will buy 200 Boeing aircraft valued at $19 billion.

President Barack Obama's administration on Jan. 19 unveiled commercial deals with China worth more than $45 billion in increased U.S. exports, saying they would help support 235,000 jobs in the United States.

The White House announced a selected list of 31 deals as Chinese President Hu Jintao was in Washington on a state visit.

Here are highlights of the White House list:

  • China to buy 200 Boeing aircraft valued at $19 billion. The deal includes 737s and 777s, with deliveries set between 2011 and 2013.
  • Boeing and Air China agreed to plan an inaugural international flight using sustainable aviation biofuels. Boeing, Honeywell, and Pratt & Whitney will team up to offer technical support to Air China for the first flight.
  • Westinghouse Electric Co. struck two nuclear industry agreements. Westinghouse will provide and install fuel fabrication equipment for China Baotou Nuclear Fuel; the U.S. firm extended by two years an agreement with China State Nuclear Power Technology Corp.
  • China's Ministry of Railways and General Electric signed a deal to expand their strategic partnership to bring Chinese high-speed rail technology to the U.S. A joint venture will be formed to manufacture trains in the U.S., while GE will build locomotives for China.
  • China approved a $400 million, 50-50 joint venture in diesel engine and truck manufacturing between the state-owned Anhui Jianghuai Automobile Company and Navistar. Direct U.S .exports to the joint venture, to be based in Hefei City, Anhui Province, were estimated at $15 million for the first year.
  • General Electric inked several deals, including one to sell and install at least 50 gas turbine generator sets in China in the next 10 years, generating $350 million in U.S. exports. GE also will form a joint venture with AVIC to globally market advanced avionics systems for future commercial aircraft.
  • Caterpillar and Caterpillar China Investment Co. Ltd. -- a wholly owned subsidiary of Caterpillar -- will sign an agreement under which $1.4 billion in US-manufactured mining and construction equipment, and diesel and gas turbine engines will be shipped to China.
  • Alcoa signed a deal with energy group China Power Investment Corporation for aluminum and energy projects in China and elsewhere worth an estimated $7.5 billion investment.

Copyright Agence France-Presse, 2011

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