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Trump wraps up visit to China
 
US President Donald Trump waves as he boards Air Force One before flying to Vietnam to attend the annual Asia Pacific Economic Cooperation (APEC) forum, at Beijing airport on November 10, 2017. Photo: AFP
 
US President Donald Trump left Beijing on Friday morning, concluding his state visit to China.
 
During his three-day visit, Chinese President Xi Jinping held talks with him and they had reached extensive and important consensus on the development of China-US relations.
 
Chinese and US companies signed deals worth more than US$250 billion on Thursday, the second day of US President Donald Trump’s state visit to China.
 
China and the United States have huge potential in reciprocal economic and trade cooperation, Xi said.
 
The contracts signed yesterday included the Chinese purchase of Boeing jets for US$37 billion, mobile phone chipsets from Qualcomm for US$12 billion, US$1.6 billion of soybeans and vehicles and parts from General Motors and Ford for a total of US$11.7 billion.
 
Other agreements included memoranda of understanding on liquefied natural gas sales and industrial development cooperation.
 
One of the most substantive agreements was a gas deal between the state of Alaska, Alaska Gasline Development Corp, China Petrochemical Corp (Sinopec), China Investment Corp and the Bank of China, involving a total investment of up to US$43 billion.
 
As the world’s biggest developing economy and developed economy, China and the US are highly complementary rather than competitive, Xi said when meeting business delegates from both countries.
 
“We are willing to expand imports of energy and farm produce from the United States, deepen service trade cooperation. We hope the US side will increase exports of civil technology products to China. We will continue to encourage Chinese companies to invest in the United States. We also welcome US companies and financial institutions to participate in the Belt and Road initiative,” he said.
 
Xi reaffirmed China’s commitment to opening-up and reform and said China will not close its door to the world. It will only become more and more open.

 


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