A look inside Beijing’s US$253 billion trade package for Trump
The main deals signed between Chinese and US firms during US President Donald Trump’s visit
Below is a list of key deals signed between Chinese and US firms during US President Donald Trump’s three-day visit to China.
China Petrochemical Corp signed a US$43 billion deal for a liquefied natural gas project in Alaska. China’s sovereign wealth fund, China Investment Corp, and Bank of China, a state-owned bank, will help with financing.
Another state energy giant, China National Petroleum Corp, signed an initial agreement with Texas-based Cheniere Energy for the long-term supply of liquefied natural gas.
Mining and energy firm China Energy Investment Corp signed a memorandum of understanding with West Virginia state to invest US$84 billion in shale gas, power and chemical projects.
China agreed to buy 12 million tonnes of soybeans from the US in 2017 and 2018 in two batches, in total worth US$5 billion.
General Electric signed deals with three Chinese companies worth a total of US$3.5 billion. They were an engine and repair agreement with Juneyao Airlines worth US$1.4 billion, a US$1.1 billion deal with ICBC Leasing for engines to power Boeing planes and a US$1 billion agreement with China Datang Group to supply gas turbines.
China Aviation Supplies Holding Company agreed to buy 300 Boeing planes in an order worth US$37 billion.
China’s sovereign wealth fund, China Investment Corp, and Goldman Sachs agreed to set up a joint fund to invest in US firms which have already or plan business operations in China. The fund plans to raise US$5 billion.
China’s Silk Road Fund and General Electric signed an agreement to cooperate in investments under China’s “Belt and Road Initiative”, a global trade development plan.
Chinese phone makers Xiaomi, OPPO and Vivo signed three-year deals to buy products from US mobile chip maker Qualcomm. The deals are worth US$12 billion in total.