China, US sign US$32.6 billion agreements on purchase and investment

Wang Xinpei, a spokesperson for the Ministry of Commerce, said today that the Chinese Trade Investment Cooperation Promotion Group recently signed 138 purchase and investment contracts and agreements, in total worth US$32.6 billion . The purchased goods include airplane engines, third generation nuclear power station technology and equipment, information and internet equipment, cell phones, semiconductor equipment and materials, automobile and spare parts, computer software, environmental protection equipment, as well as some agricultural products.

Wang also expressed that the Chinese-American partnership is of great significance to China and the US. Despite enormous differences in economic development and economic structure between China, the world's largest developing nation, and the US, the largest developed nation; the two countries have great potential for mutual economic enhancement. The Chinese government highly values economic and trade relations between China and the US, and has worked hard to promote a healthy and stable development of this relationship.

Comprised of 208 enterprises and 369 entrepreneurs, the Chinese Trade Investment Cooperation Promotion Group signed onto trade investment projects, launched investment environment investigations, and participated in investment discussions and other such activities, while visiting twenty-four U.S. states and twenty-five cities. The Ministry of Commerce Investment Promotion Bureau also signed bilateral, collaborative investment promotion agreements with the states of Washington, Ohio, South Carolina, Minnesota, and Virginia.

By People's Daily Online