--- SEARCH ---
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service

Hot Links
China Development Gateway
Chinese Embassies

The Ministry of Foreign Affairs
The Ministry of Foreign Trade and Economic Cooperation
Permanent Mission of the People's Republic of China to the UN
Permanent Mission of the People's Republic of China to the United Nations Office at Geneva and other International Organizations in Switzerland
Foreign Affairs College
Institute of American Studies Chinese Academy of Social Sciences
China, US Sign Contracts Giving Weight to Cooperation Agreement

China signed contracts with the United States in Chicago on Thursday afternoon to import US soybeans and electro-mechanical equipment, a measure adding substance to a consensus reached earlier this month. 

The consensus, between Chinese Premier Wen Jiabao and US President George W. Bush, is on strengthening economic and trade relations between the two countries.


The contracts, totaling US$1.59 billion, were signed at the Chicago Board of Trade (CBOT) by a Chinese enterprise purchasing mission organized by the China Chamber of Commerce and its US counterparts.


Under the soybean contracts, Chinese companies will buy American soybeans worth US$1.4 billion. They will also purchase US$190 million of US machinery and electronic products.


Chinese Vice Minister of Commerce Liao Xiaoqi, head of the government economic and trade delegation, attended the signing ceremony.


The delegation said in a news release that the Chinese government attaches great importance to economic and trade cooperation with the United States and is vigorously pushing for the steady and healthy development of their economic and trade ties.


The Chinese government encourages enterprises in their efforts to increase imports from the United States so as to cut back on the trade deficit, the delegation said.


The development of China-US economic and trade relations had brought tangible economic benefits to people of both countries. The relationship, which was mutually beneficial and highlighted a win-win outcome, would certainly make a positive contribution to the economic prosperity in their neighboring countries, and global economic growth at large, it said. 


(Xinhua News Agency December 19, 2003)

China Blasts US Trade Probe, Starts Own
Cooperation Needed to Solve Differences
Protectionism Serves to Harm Trade Future
China-US Trade Moves Forward in Spite of Disputes
Print This Page
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688