2017年CRI Trump's visit to China fruitful for Chinese, U.S. businesses

 

On the sidelines of U.S. President Donald Trump¹'s state visit to China, Chinese President Xi Jinping and Donald Trump have witnessed the signing of deals worth 253.5 billion U.S. dollars, making the US head of state's visit to China one of the most fruitful for Chinese and US businesses, in terms of the value of agreements struck.

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This is seen as part of Trump's effort to reduce the massive trade deficit² between China and United States.

Following the signing ceremony, Trump said that he does not blame China on the trade imbalance.

"I do blame past administrations for allowing this out of controlled trade deficit to take place and to grow," said Trump.

President Xi Jinping responded warmly that China is committed to further opening its economy to foreign investment.

"China will not close its doors, and will open them even wider. We will promote a new pattern of all-round opening up following the strategic arrangements made by 19th Communist Party of China National Congress. Foreign companies in China, including American ones, will find the market 'more open, more transparent³ and more orderly,'" said Xi.

The deals, covering from food to energy, include purchases of Boeing aircraft, Ford⁴ automobiles⁵, U.S. soybeans and joint⁶ development of liquefied natural gas in Alaska.

Among those agreements, the China Energy Investment Corporation Limited's plan to invest 83.7 billion US dollars in shale⁷ gas development and chemical manufacturing projects in West Virginia was the largest deal.

Wood Thrasher, Cabinet Secretary of the Department of Commerce of West Virginia, said that the agreement will be beneficial for both sides.

"Without that investment, our area would struggle to be able to bring the full potential of these materials, but with this partnership⁸ which we now have with Shenhua, we believe it will be beneficial, not only for Shenhua, but very beneficial for the citizens of West Virginia and the whole country of the United States," said Thrasher.

"China has drawn⁹ up a two-stage development plan for the period from 2020 to the middle of this century, and energy will be the basic pillar industry. That is why we have signed a 83.7 billion US dollars contract with West Virginia. This is in accordance with our two-stage development plan," said Ling Wen, President of China's Shenhua Group, which has been restructured into the China Energy Investment Corporation.

Among other deals, China Petroleum¹⁰ and Chemical Corp, the state energy group, signed a 43 billion U.S. dollar deal to jointly¹¹ explore for natural gas with the US in Alaska. China Investment Corp will offer financial support, and Bank of China will help with finance, too.

Bill Walker, Governor of the Alaska, said that the cooperation had gained great support on the government level on both sides.

"When President Xi was in Alaska, I spent about 4 or 5 hours with him. We talked about the opportunities between China and Alaska. What we are seeing today is part of the result of that. I've also had the chance to visit President Trump about this opportunity as well. So we are excited to be here today for the signing," said Walker.

China Investment Corp and Goldman Sachs have signed a strategic agreement to establish a China and United States industrial cooperation fund.

Chinese purchases of planes from Boeing and imports of Tesla cars into China are among the rest of the deals.

1 trump   

n.王牌，法宝；v.打出王牌，吹喇叭

参考例句：

• He was never able to trump up the courage to have a showdown.他始终鼓不起勇气摊牌。
• The coach saved his star player for a trump card.教练保留他的明星选手，作为他的王牌。

2 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

3 transparent   

adj.明显的，无疑的；透明的

参考例句：

• The water is so transparent that we can see the fishes swimming.水清澈透明，可以看到鱼儿游来游去。
• The window glass is transparent.窗玻璃是透明的。

4 Ford   

n.浅滩，水浅可涉处；v.涉水，涉过

参考例句：

• They were guarding the bridge,so we forded the river.他们驻守在那座桥上，所以我们只能涉水过河。
• If you decide to ford a stream,be extremely careful.如果已决定要涉过小溪，必须极度小心。

5 automobiles   

n.汽车( automobile的名词复数 )

参考例句：

• When automobiles become popular,the use of the horse and buggy passed away. 汽车普及后，就不再使用马和马车了。 来自《简明英汉词典》
• Automobiles speed in an endless stream along the boulevard. 宽阔的林荫道上，汽车川流不息。 来自《现代汉英综合大词典》

6 joint   

adj.联合的，共同的；n.关节，接合处；v.连接，贴合

参考例句：

• I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
• We wrote a letter in joint names.我们联名写了封信。

7 shale   

n.页岩，泥板岩

参考例句：

• We can extract oil from shale.我们可以从页岩中提取石油。
• Most of the rock in this mountain is shale.这座山上大部分的岩石都是页岩。

8 partnership   

n.合作关系，伙伴关系

参考例句：

• The company has gone into partnership with Swiss Bank Corporation.这家公司已经和瑞士银行公司建立合作关系。
• Martin has taken him into general partnership in his company.马丁已让他成为公司的普通合伙人。

9 drawn   

v.拖，拉，拔出；adj.憔悴的，紧张的

参考例句：

• All the characters in the story are drawn from life.故事中的所有人物都取材于生活。
• Her gaze was drawn irresistibly to the scene outside.她的目光禁不住被外面的风景所吸引。

10 petroleum   

n.原油，石油

参考例句：

• The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
• The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。

11 jointly   

ad.联合地，共同地

参考例句：

• Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
• She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。