China-U.S. contracts top 3.4 bln USD at forum
GOV.cn Saturday, June 23, 2012
Delegates sign investment contracts during the second U.S.-China Cities Forum on Economic Cooperation and Investment in Nanjing, capital of east China's Jiangsu Province, June 23, 2012. Investment contracts worth 3.4 billion U.S. dollars were signed by 85 enterprises from 21 Chinese cities and 20 U.S. cities during the forum that ran from Friday to Saturday. A total of 42 investment projects were involved, covering 21 sectors -- including manufacturing, energy conservation and environmental protection, electronic information, chemical and pharmaceutical. (Xinhua/Shen Peng)

Investment contracts worth 3.4 billion U.S. dollars were signed by enterprises from both China and the United States during a forum held in eastern China's Jiangsu Province.

Eighty-five enterprises from 21 Chinese cities and 20 U.S. cities gathered for the second U.S.-China Cities Forum on Economic Cooperation and Investment that runs from Friday to Saturday.

A total of 42 investment projects were involved, covering 21 sectors -- including manufacturing, energy conservation and environmental protection, electronic information, chemical and pharmaceutical.

China's Finance Minister Xie Xuren said at the opening ceremony that China and the United States share different resource advantages, and strongly complement each other in economic development.

The two economies should expand cooperation in more sectors, especially in energy and environmental protection, biomedicine and infrastructure, so as to turn opportunities into tangible results, Xie said.

The forum, jointly sponsored by Chinese and U.S. finance ministries, this year seeks to form contracts on the basis of spoken agreements reached between China and U.S. top officials over the past year, including Chinese President Hu Jintao's visit to the United States in January 2011.

The forum was first held in Seattle on April 19 and 20 last year.

China and the United States are each's second largest trading partner. Bilateral trade currently totals 446.6 billion U.S. dollars.

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Editor: An Lu
Source: Xinhua