A large number of business agreements were announced during Chinese President Hu Jintao's state visit to the United States on January 18-21. The deals, worth more than $45 billion in increased U.S. exports, will help support an estimated 235,000 jobs in the United States. Some of the deals associated with Hu's visit include:
- China approved airline contracts for 200 orders with Boeing that cover aircraft to be delivered over a three-year period, from 2011 to 2013. The agreement will support more than 100,000 American jobs, including those in Boeing and its suppliers throughout the United States.
- The Chinese Ministry of Railways and General Electric (GE) signed a letter of intent expanding upon an existing strategic partnership to bring Chinese high-speed rail technology to the United States.
- GE and the China Shenhua Energy Co. Ltd. formed a joint venture company in order to combine GE's expertise in gasification and cleaner power generation technologies with Shenhua's expertise in building and operating gasification and power generation facilities.
- The New Jersey-based Honeywell International Inc. entered into an agreement with the Haier Group to collaborate on the development and promotion of low-emission, high-energy-efficiency products and solutions.
- New York-based Alcoa and the China Power Investment Corp. announced a memorandum of understanding to collaborate on a broad range of aluminum and energy projects representing an estimated $7.5 billion in investment.