Xi, Trump trade promises as businesses sign US$253 billion in deals
BEIJING - President Xi Jinping has pledged to import more U.S. agricultural produce and energy products and to deepen trade co-operation during a meeting in Beijing with visiting U.S. President Donald Trump. Both Presidents attended a dialogue with business leaders from their respective countries, where they were present for the signing of trade deals worth US$253.5 billion, a record figure in the trade history of the two countries.
Xi told Trump that his Administration would continue encouraging Chinese companies to invest in the U.S., according to the official Xinhua News Agency. “We’re also hoping that the American side will export more technologies for civilian applications to China.”
Xi said the Chinese economy will become increasingly open and transparent to foreign companies, including U.S. firms. He also encouraged U.S. companies to participate in his “Belt and Road” infrastructure-led initiative. www.webershandwick.cn (ATI).