U.S., China announce progress on trade, IPR

January 21, 2011 at 7:10 am

President Barack Obama announced $45 billion worth of export deals with China on the first full day of Chinese President Hu’s visit to Washington.

The two leaders met with top U.S. business leaders and discussed a range of national security, trade and human rights issues that test the relationship between the two world superpowers.

Obama touted the dozens of deals between U.S. firms and China as evidence that China is a growing market for the United States despite criticism that the United States runs a trade deficit with China, which often makes it difficult for U.S. companies to operate there. He said the contracts support about 235,000 U.S. jobs. Read More

SOURCE: American Shipper, January 1, 2011

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Entry filed under: China, Trade.

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