China's "Mega Import Deals" w/ US

♠ Posted by Emmanuel in , at 4/18/2007 05:02:00 PM
China is supposedly set to appease trade tensions with America by buying $12B worth of US goods according to China Daily when the Strategic Economic Dialogue comes to the United States:

China is likely to ink mega import deals, possibly amounting to $12 billion, with the United States during the second Sino-US strategic economic dialogue next month, in a move to narrow the trade gap.

The talks, which will be co-chaired by Vice-Premier Wu Yi and US Treasury Secretary Henry Paulson, are the highest-profile dialogue mechanism over economic issues between the two.

The proposed procurement delegation is likely to be led by Vice-Minister of Commerce Ma Xiuhong, covering a wide range of US agricultural and industrial products, from soybean and cotton manufacturing machinery to electronic products.

The delegation will visit Atlanta, Chicago, San Francisco and Washington.