The Ministry Of Commerce Went To The United States To Promote Trade &Nbsp; The 6 Agreement Was Worth 600 Million Dollars.

In January 18th,

On the last day of President Hu Jintao's visit to the United States, that is, on the morning of the 21 th of this month, the Ministry of Commerce will hold a Sino US economic and trade cooperation forum and project signing ceremony in Chicago with the CDC, inviting about 500 participants from both sides of the political and business circles, and signing a number of agreements on import and export trade, two-way investment and cooperation.

Prior to January 17th, the Ministry of Commerce and the Texas state government held a Sino US trade and investment environment briefing in Houston.

Wang Chao, Vice Minister of Commerce, said at the meeting that the differences between China and the United States in economic development and the complementarity of their economic structure are the basis for the steady and steady development of Sino US economic and trade relations.

Developing mutually beneficial and win-win Sino US economic and trade relations is in line with the fundamental interests of the two countries and the two peoples.

The 6 agreement is $600 million.

On the same day, during talks with Democratic Senator Sheila Jackson Lee of Texas, Wang Chao said that over the past 10 years, Texas's exports to China increased by 890%, which was 9.3 times that of the same period in the same period.

The Chinese government attaches great importance to and supports the win-win cooperation between China and the United States. The China Trade Promotion Group's visit to the United States encourages China to import more from the United States, and the two is to promote Chinese enterprises to invest in the United States.

At present, China and the United States are the second largest trading partners, bilateral trade volume increased from US $80 billion 500 million in 2001 to US $385 billion 340 million in 2010, and US exports to China increased by 2.9 times.

The US direct investment in China has totaled more than 65 billion 220 million US dollars and is also one of China's largest sources of foreign investment.

At the meeting, the two sides signed the contract.

The main contents of these six trade cooperation agreements are: China imports cotton from Texas; Texas imports art ceramic products from Jiangxi, China; Shanghai General Motors Co imports parts from General Motors Corporation; Zhejiang Henderson photovoltaic power technology company and California North American Semiconductor Technology Association jointly develop high efficiency crystalline silicon solar cells and photovoltaic power generation technology.

The reporter learned from the Ministry of commerce that under the leadership of vice minister Wang Chao, there are 7 sub missions under the leadership of the Vice Minister of Commerce, with over 400 entrepreneurs, including representatives of energy, environmental protection, machinery and electronics, chemical industry, health and medicine, agricultural products, daily necessities and raw materials, clothing, banks, two-way investment, and other enterprises, trade organizations and local authorities.

During the US period, the delegation will visit 12 states, including Illinois and Texas, and Washington, D.C., to carry out various forms of trade promotion activities, including an investment environment briefing in Houston and Rowley (North Carolina).

Reporters learned that, in order to cooperate with President Hu Jintao's visit to the United States, promote Sino US business exchanges and cooperation, and promote bilateral trade balance, the group was led by Vice Minister Jiang Yaoping and vice minister Wang Chao to carry out activities in the relevant states of the United States.

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Appealed to the us to reduce the "safety review".

"In 2010, China's foreign investment grew very fast, reaching 59 billion US dollars.

It is mainly concentrated in Hongkong, Asia and Latin America, and the relative scale of investment in Europe and America and Japan is relatively small, for many reasons.

Yao Jian said.

China's overseas investment started with China's contracting projects and foreign aid.

In the process, Chinese enterprises are familiar with the market, especially the investment enterprises, which are familiar with the market, mainly in Asia, Latin America and Africa.

According to the statistics of Ministry of Commerce, China's direct investment in Hongkong, China, was 33 billion 770 million US dollars in 2010, an increase of 20.1% over the same period last year. Australia's US $2 billion 930 million, up 20.5% over the same period last year; ASEAN's 2 billion 570 million US dollars, up 12% over the same period last year; the EU's 2 billion 130 million dollars and direct investment in other EU countries increased by 297% over the same period last year.

A sharp contrast is that China's investment in the US last year was US $1 billion 393 million, an increase of 81.4% over the same period last year, while the US investment in China was US $4 billion 52 million, with a nearly three fold gap.

Yao Jian said that the technology of China's manufacturing industry is conducive to local employment and local economic development for other countries' investment and export.

China is improving its investment environment and investment legal system. It also hopes that the relevant countries will further open the market and open up investment fields, reduce the approval cycle on the basis of the so-called "safety review", and even refuse to appear in China's investment cases.

Obviously, market openness has become another reason for investment mismatch between China and developed markets.

"Before long, Chinese iron and steel enterprises invested in the US, including manufacturing enterprises and telecommunications manufacturing enterprises, will encounter corresponding investment barriers in their investments in the US.

At the recently held Sino US Joint Commission on commerce and trade, the Ministry of Commerce of China also discussed the issue of investment barriers with the US side as a matter of investment in the United States and problems in economic and trade cooperation with the United States.

Yao Jian said.

In his view, with the development of Sino US economic and trade relations, trade is only one aspect of bilateral relations. The next step is to expand bilateral economic and trade cooperation in a broader and wider field, and promote all-round cooperation, including trade, investment, technological cooperation and intellectual property cooperation. "

However, Yao Jian also said that investment in developed markets also requires Chinese enterprises to operate in accordance with international norms and comply with local laws and regulations.