U.S.-China Business Agreements Strengthen Economy

Contracts Create American Jobs and Support Sino-U.S. Relationship

WASHINGTON, D.C.–- The U.S. Chamber of Commerce hosted a ceremony today at which companies signed over 30 deals with Chinese business partners that will support the U.S. economy.

"These partnerships will stimulate American jobs and contribute to our country's economic growth," said U.S. Chamber President and CEO Tom Donohue who presided over the ceremony. "Signing these contracts is an example of the strong commercial bonds being forged between the United States and China."

Chinese Vice Premier Wang Qishan and Minister of Commerce Chen Deming also witnessed the ceremony. Vice Premier Wang is currently in the United States for the fourth meeting of the U.S.-China Strategic Economic Dialogue (SED), which will open this evening in Annapolis, Maryland. U.S. Treasury Secretary Henry Paulson is Vice Premier Wang's counterpart and will lead a delegation of U.S. cabinet officials to the Dialogue.

"The SED has been a tremendously effective tool in promoting mutual understanding between the United States and China and building cooperation and trust to address shared global concerns," Donohue said. "We're urging both governments to redouble their efforts to ensure that the fourth meeting of the SED produces concrete results on short-term, pressing, bilateral challenges."

The following companies and organizations signed business deals at today's ceremony: Alcatel-Lucent; Analog Devices, Inc.; Auri Group, LLC; Autodesk; Barnesville-Lamar County, Georgia; Birmingham Motors; Chrysler; Cisco Systems, Inc; EMC Corporation; ENCOAL®; Ford Motor Company, Freescale Semiconductor; General Motors Corp.; HP; HSBC, New York; IAE International Aero Engines; IBM Corporation; Motorola; Oracle; Qualcomm; Sun Microsystems; Teradata; and Texas Instruments.

The U.S. Chamber is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

www.uschamber.com/

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