The Chinese government signed six deals worth US$600 million on Monday, Reuters reported. The deal was signed in Houston by a 120-member delegation of Chinese business executives and government officials led by China’s Vice Commerce Minister Wang Chao. The deals, signed with undisclosed US companies, include agreements on cotton imports, assembly kits, porcelain and solar technology. The deals came a day before Chinese President Hu Jintao is to arrive in the US for a state visit. Similar deals are expected to be struck in Boston, Chicago, Minneapolis, Raleigh and Frankfort this week. Analysts estimate the total value of the deals signed this week could reach into the tens of billions of dollars.
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