China-U.S. set up over $250 bln trades during Trump's state visit

2017-11-10 11:32:00 General sxcoal.com

In Beijing's Great Hall of the People, a basket of trade deals worth $253.5 billion were signed on November 9 between with the world's first and second largest economy under the witness of the two heads of states, China News Service reported, citing Chinese Commerce Minister Zhong Shan.


On November 8, the first day President Trump embarked on the state visit to China, companies of the two countries sealed 19 agreements valued at about $9 billion covering areas such as energy, food and transport.


An earlier report from CNBC showed that among the business executives accompanying Trump's visit to China, a majority are in the energy and manufacturing sectors.


The Chinese government makes much account of clean energy, China Daily reported, citing Xu Sitao, chief economist at Deloitte China. "China is unlikely to repeat the old path of developed countries in energy development. Therefore, the potentials for cooperation between the two countries in clean energy are huge."


Bloomberg data showed that during the first three quarters of the year, global investment in clean energy totaled $182.9 billion, up 2% year on year, China Daily reported, adding clean energy investment in China amounted to $68 billion, accounting for 37% globally and ranking first in the world for five consecutive years.


(Writing by Alex Guo   Editing by Harry Huo)
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