Million U.S. Dollars, China Ink 45 Million Export Contracts
Laudando 70 trade agreements with exporters in 12 U.S. states, President Hu Jintao and Barack Obama, beat the feverish rhetoric in recent months to emphasize the interdependence, even though tensions along.
Obama has expressed hope that relations could be again, even if the "old stereotypes" and to allow U.S. companies to benefit more easily from the dramatic development of China.
"I am absolutely convinced that China's peaceful rise is good for the world and good for America," Obama said on Wednesday.
Obama - interior suspicions that China has trampled trade rules and the manufacturers of the United States - said the package worth $ 45 billion to U.S. exporters, would support 235,000 American jobs.
But he also insisted on a "level playing field for U.S. companies regarding disputes which often bubbled to the surface as the economic influence of China has increased.
Obama also new calls for faster yuan to strengthen against the dollar - a move that could reduce Chinese exports artificially cheap.
Hu made it very far from supporting the call by simply saying that China will focus more on internal growth carried out.
Later, Chinese Vice Foreign Minister Cui Tiankai said monetary policy in Beijing "was not substantially changed" during the meeting, it still shows a gradual and prudent use of prestige.
But faced with a power shift between the two large countries and rivalry uncomfortable and Hu chose Obama to focus on the deals instead of divisions, including a massive order for 200 Boeing aircraft worth U.S. $ 19 billion U.S. dollars.
While foreign leaders often bring a handful of trade agreements on travel to the White House was the amount of the offer on Wednesday was seen as evidence of rapidly deepening commercial ties between the U.S. and its new rival.
"It 's par for the course, but it is very important because the political situation in China and the United States," said Yukon Huang, the Asia expert at the Carnegie Endowment for International Peace, said the deals.
"The trade imbalance and friction in terms of jobs and access to markets is a major concern for both parties right now. Both parties are trying to focus on common ground."
Chinese companies have fallen in the U.S. to coincide with Hu's visit, agreements with the U.S. inked Titans Alcoa, General Electric, Honeywell, Caterpillar, Westinghouse and others.
The deals include such diverse sectors as agriculture, gasification, railways and hybrid buses.
"These new momentum in our bilateral cooperation," Hu said.
The meeting did however receive complaints from the United States that China does not adequately protect copyright and constitutes unfair discrimination against foreign firms in competing for lucrative government contracts.
Obama said that the leaders had made towards solving some of each of these problems.
Hu said that he agreed to make it easier for U.S. companies to exploit public procurement outside the central government issued a market of more than 88 billion dollars each year.
"I welcome his commitment that American companies must not discriminate," said Obama, referring to the Chinese leader.
Obama also welcomed the promise to stop the theft of intellectual property rights.
Huang Hu promises Carnegie was a "positive step" but the implementation will be closely monitored after several false starts.
"It (the promise) is the background depends on how the sound penetrates through the bureaucracies of both sides," he said.
Cui said China until Hu and Obama discussed Beijing massive holdings of U.S. debt, which has become more controversial in fear that the levels of average growth in U.S. debt are not sustainable.
"The question of the safety of Chinese assets in the United States has been repeatedly discussed between the leaders and relevant departments, but that does not mean it is an urgent or important," he said.