China-US companies sign 574 million dollar deal involving automotive ceramics and other fields

January 17, on the eve of President Hu Jintao's state visit to the United States, the Ministry of Commerce and the U.S. Texas Government in Houston held the Sino-US trade and investment environment.　　Wang, Vice minister of Commerce of China, attended and delivered a speech. In his speech, Wang said that at this important historical juncture, China and the United States hold a trade and investment environment statement, which is to rally consensus, convey confidence, demonstrate sincerity and seek cooperation.　　We hope that through practical action, the two sides will actively implement the consensus reached by the two heads of state, and turn the challenges into opportunities, so that trade and investment will continue to be the lifeblood of Sino-US economic and trade cooperation and push forward the positive and comprehensive Sino-US relations in the 21st century. Wang said that over the past decade, China-US economic and trade relations have not experienced great ups and downs, but have always maintained a rapid development momentum. At present, the two countries are the second largest trading partners, bilateral trade volume from 2001 to 80.5 billion U.S. dollars to 2010 of 385.34 billion U.S. dollars, the U.S. exports to China increased 2.9 times times. With more than $65.22 billion trillion in direct investment to China, the US is one of the largest sources of foreign investment, and China has already invested more than $4.73 billion in the US and has grown rapidly.　　The two sides have deepened their cooperation in the fields of energy, environment, science and technology, education and humanities. Wang pointed out that the results of China-US economic and trade cooperation have been widely beneficial to both peoples. The difference of economic development stage between China and America and the complementarity of economic structure are the basis of promoting the steady development of Sino-US economic and trade relations.　　The development of a mutually beneficial and winning Sino-US economic and trade relationship conforms to the fundamental interests of the two countries and their peoples and will continue to be an important cornerstone and impetus for the development of bilateral relations.　　Wang stressed that in the global economic recovery at the critical juncture, both sides should vigorously support free trade, resolutely oppose protectionism, and actively carry out economic and trade cooperation in cooperation to achieve mutual benefit and common win! Wang said that China-US economic and trade cooperation has a very broad prospect. China is in the period of industrialization and urbanization accelerated development, and strive to expand domestic demand, especially consumer demand as the long-term strategic policy and basic foothold of economic development, accelerate the transformation of economic development mode, promote economic restructuring, vigorously cultivate and develop information technology, new energy and other strategic industries,　　This process will unleash huge investment and consumer demand.　　Wang said China will continue to improve foreign economic laws, regulations and policies, strengthen protection of intellectual property rights, strictly abide by World Trade Organization rules and actively create a more stable, transparent and predictable investment environment, taking the 10 anniversary of joining the WTO as a new starting point. U.S. Secretary of State Secretary Esparanza Andrede, Assistant minister of Commerce Clegg Allen attended the Sino-US trade and investment environment.　　At the meeting, the two companies signed 6 agreements, amounting to 574 million U.S. dollars, involving automobiles, electronics, mechanical engineering, textile and apparel, ceramics and other fields.　　On that day, Wang met with Texas State, the secretary of State for Andrede, attended a luncheon hosted by the Houston government for the China Trade and Investment Promotion group. Sino-US trade and investment environment explained by China electromechanical products import and exportThe Chamber of Commerce and the great Houston Cooperation Council, the two Governments and business representatives attended about 200 people.