These are the 37 major deals US firms signed with Chinese entities during Trump’s visit

11-Nov-2017 Intellasia | Reuters | 6:00 AM Print This Post

The Commerce Department has revealed the list of the 37 major deals signed between US and Chinese companies around President Donald Trump’s trip through Asia.

The dollar value of those deals is in excess of $250 billion. Catepillar, Boeing, and Goldman Sachs are just some of the notable names on the list of companies that made deals with China, the full list of which is below.

Commerce Secretary Wilbur Ross said the deals were a good example of Trump helping to build bilateral trade relationships between the two nations.

“American businesses are the most innovative in the world and, when given access, can compete with anyone,” Ross said. “I believe these deals can provide a solid foundation for a stronger relationship that is more free, fair, and reciprocal between the US and China.”

“It was a great honor for these [deals] to be witnessed by President Trump and President Xi today,” Ross added. “A special thank you to our CEO delegation for their hard work in support of this historic event.”

Goldman Sachs CEO Lloyd Blankfein, Qualcomm CEO Steve Mollenkopf, Cheniere Energy CEO Jack Fusco, Air Products CEO Seifollah Ghasemi, and division heads from Boeing and general Electric were among the more than two dozen business leaders who attended.

Trade has been one of Trump’s core priorities in his first year in office. He held talks with Chinese President Xi Jinping during his visit about the multibillion-dollar US trade deficit with China.

According to Chinese customs data, China’s trade surplus with the US expanded by 12.2 percent in October from a year earlier to $26.6 billion. For the first 10 months of the year, the total surplus widened to $223 billion. China is the US’s No. 3 export market, just behind Canada and Mexico.

Speaking in Beijing on Thursday, Trump laid the blame for the ballooning deficit on “past administrations for allowing this out-of-control trade deficit to take place and to grow.”

The 2017 US CEO Delegation to China deals:

Air Products (APD) Air Products and Yankuang Group Co., Ltd $3.5 billion

The State of Alaska, Alaska Gasline Development Corporation (AGDC), China Petrochemical Corp (Sinopec), China Investment Corporation (CIC), and Bank of China (BOC) $43 billion.

Archer Daniels Midland Company (ADM) and COFCO

Bell and Reignwood signed an agreement for 60 Bell 505s, valued at $50 million.

Boeing and China Aviation Supplies Holding Company — $38 billion.

Caterpillar Inc, and China Energy Investment Corp

Cheniere Energy and China National Petroleum

Dais Analytic Gouanrui (Beijing) Technology Co., Ltd

Delfin Midstream and China Gas Holdings $8 billion

Digit group and Gateguard $100 million

Digit group and Foton $310 million

Digit Group and HeDa Group $1.5 billion

The Dow Chemical Company

Dow and Mobike

Drylet, LLC and Nanjing Hoyo Municipal Utilities Investment and Administration Group $100 million

GE and Juneyao Airlines $1.4 billion

GE and ICBC $1.1 billion

GE and China Datang Group $1 billion

Goldman Sachs China Investment Corporation (“CIC”) $5 billion

Honeywell and Oriental Energy

Honeywell and Spring Airlines

I. M. Systems Group, Inc. (IMSG) and Civil Aviation Telecom Co., Ltd

Qualcomm and Xiaomi, Oppo and Vivo $12 billion

SAS and Shenzhen Zhenghong Technology Co. Ltd $30 million

Stine Seed China and Beijing W. Seed $10 million

TEREX and Xuzhou Handler $250 million

Thermo Fisher Scientific, Beijing Municipal Commission of Science and Technology, Tsinghua University, Beijing Novogene Bioinformatics Technology Co., Ltd, and Innovent Biologics (Suzhou) Co., Ltd $35 million

US Soybean Export Council (USSEC) and the China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce and Animal By-products (CFNA) $3.4 billion

Viroment and Hangzhou Iron and Steel $800 million

Viroment and Guangye Guangdong Environmental Protection Group, Co, LTD. $100 million

Westinghouse Electric Company, Nuclear Power Technology Company (SNPTC) and subsidiaries, State Nuclear Power Engineering Corporation (SNPEC) and State Nuclear Power Automation & Engineering Company (SNPAS)

Non delegation deals:

American Ethane and Nanshan Group $25 billion

Ford Trading Company LLC. And Ford Motor (China) Ltd $10 billion

GM and SAIC-GM $2.2 billion.

The Montana Stockgrowers signed and Jingdong Century Trade Company (JD.com) $200 million. Smithfield Food Inc.

Smithfield Food Inc and Jingdong Century Trade Company (JD.com) $1 billion.

The state of West and Shenhua corporation $83 billion

https://www.cnbc.com/2017/11/09/exclusive-these-are-the-37-major-deals-us-firms-signed-with-chinese-entities-during-trumps-visit.html

 


Category: China

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