Chinese companies prepare for massive U.S. purchases ahead of trade talks

[Joanne98]

Source: The Associated Press


As many as 130 Chinese companies are due to take part in a mass purchase of U.S. goods next week, organizers said Thursday, in an apparent effort to ease tensions ahead of trade talks in Washington.

Organizers of the planned mass contract signing next Wednesday in San Francisco gave no details of what goods would be bought or a total price. But earlier Chinese news reports said companies planned to buy up to US$16 billion (euro12 billion) worth of machinery, electronics and farm goods.

Beijing is going ahead with the purchases despite its anger at a pair of World Trade Organization complaints filed by Washington last month over Chinese product piracy and market access.

The event is being organized by the U.S. Information Technology Office, a trade group, and the government-affiliated Chinese Chamber of Commerce for the Import and Export of Machinery and Electronic Products. A brief written announcement said as many as 180 executives from up to 130 Chinese companies would take part.



Read more: http://www.pe.com/ap_news/California/AS_FIN_China_US_Purchases_286111C.shtml

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Remember this when 6 months from now Bushco starts crowing about the reduction in the deficit with China! FAKE ECONOMIES DON'T COUNT!

[jwirr]

1. Oh they will with our fake pResident.

[Joanne98]

2. And his FAKE numbers!

[jwirr]

5. Yes, anyone who believes a word coming out of that mans mouth

is certifiable.

[msongs]

3. in return we get poisoned food. whatta deal nt

[bahrbearian]

4. Wheat Gluten ?

[BearSquirrel2]

6. We don't make electronics ...

The US does not make electronics anymore. All that stuff is made in Japan, China and Taiwan.