WASHINGTON (Reuters) - the United States and China have agreed on is export to 45 billion including a major contract with Boeing (BA).(N), visit the White House, said Wednesday at the formal beginning of Chinese President Hu Jintao State.
Agreements included final approval from the China of a contract of $ 19 billion to buy Boeing aircraft 200 for delivery between 2011 and 2013, of which the American authorities believes would support 100,000 U.S. jobs.
"We value of support from China for his confidence in the Boeing Company, and our products", said Jim Albaugh, CEO of Boeing Commercial Airplanes. "With the outstanding support provided by the Government of the United States, this transaction is a win-win for the Boeing-China partnership approaches its 40th anniversary."
Other transactions involved Honeywell (Hon.)(N), Caterpillar (CAT.)(N) and Westinghouse Electric, a unit of Japan Toshiba Corp (6502.T).
Chinese officials said the administration of the Obama Chinese companies had signed with 70 contracts 25 billion in U.S. exports from 12 States, said U.S. authorities.
In total, Boeing and other transactions will support approximately 235,000 American jobs, they said.
Offers appear at least partly targeted to respond to criticism from U.S. that China does not play rules acquires economic power and uses a number of policies to maintain a large trade surplus with the United States.
Although China is one of the export markets fastest growing for the United States, which is overshadowed by the imports from China, which reached approximately 370 billion in 2010.
The U.S. trade deficit with China was about 275 billion last year, which would be a new record.
The official of the U.S., who briefed reporters on condition of anonymity, said there is progress on several key areas on trade, including intellectual property, indigenous innovation and public procurement.
"FALSE AIRBUS".
19 Billion dollars for Boeing would be larger than a deal of 15.6 billion for Airbus (EAD).(PA) to sell planes 180 budget Indian carrier IndiGo. The deal, announced on January 11, has been hailed as jet agenda more important in the history of aviation.
"If they have false Airbus," said Alex Hamilton, CEO of EarlyBirdCapital.
"Obviously it y a huge pent-up China demand." ... This order underscores not only that, but it also highlights the health of the global cycle in the wake of the Airbus order. »
Economist Derek Scissors of the think tank Heritage Foundation said it was less enthusiastic about the company focused on the Summit.
"So far, the advertised offers mean very little." Big Boeing deal is just a package summary of U.S. plan Chinese exports that have taken place anyway, "he says.
U.S. authorities have also said that they have made progress on a number of policy with China issues, including concerns about "indigenous innovation" policies which are complained of American firms would impose them on the transfer of technology to the Chinese participate in large government contracts public China.
On this point, China has agreed to "disassociate policies from innovation of its Government procurement preferences" and also repeated a non?discriminatory promise against foreign goods or services based on where their IP content is developed or maintained, White House, said in a worksheet.
However, speak in the last two weeks to reopen China of U.S. beef market appear to have failed.
China has slapped borders on U.S. beef in 2003 after the first case of mad cow disease was found in the United States and was slower than many other countries to reopen its market.
In addition, manufacturers of software in the United States are disappointed that China was not agree for more vigorous verification procedures to back up his promise to fight copyright piracy by increasing the use of legal software.
U.S. industry considers it losses of billions of dollars in sales in China each year due to theft.
"What we have in mind by audits is matching software used against what they actually have the authority to use in order to understand what is used with a license and without a licence," said Emery Simon of the Business Software Alliance, which represents Microsoft (MSFT).(O) and other U.S. companies.
It is also disappointing that no Chinese purchases of U.S. software have been announced as part of the visit of Hu, he said.
"We have seen no evidence of an increase in sales in these past weeks or months", said Simon.
(Reporting by Caren Bohan and Doug Palmer in Washington and Kyle Peterson in Chicago.) (Editing by Will Dunham)
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