$250 BILLION China-U.S. commercial deals signed during Trump’s China visit

QualConn
FILE PHOTO: A Qualcomm sign is pictured at one of its many campus buildings in San Diego, California, U.S. April 18, 2017. REUTERS/Mike Blake/File Photo

According to Reuters Beijing correspondents – U.S. companies, from chip giant Qualcomm to aircraft maker Boeing, announced a slew of deals on Thursday during U.S. President Donald Trump’s visit to Beijing. The deals could be valued as much as $250 billion.

Here is a summary of the announced deals:

* China Energy Investment Corp, the world’s largest power company by asset value, has signed a memorandum of understanding (MOU) to invest $83.7 billion in shale gas, power and chemical projects in West Virginia.

* China’s top state oil major Sinopec, Bank Of China (3988.HK) (601988.SS) and China Investment Corp CIC.UL agreed to help develop a $43-billion natural gas project in Alaska.

* Boeing Co won orders and commitments worth $37 billion at list prices for 300 jets, including 260 narrow-body Boeing 737s and a total of 40 wide-body 787s and 777s from state purchasing agency China Aviation Supplies Holding Co.

* General Electric Co (GE.N) signed three commercial deals with Chinese partners worth a total of $3.5 billion.

* Qualcomm (QCOM.O) signed three non-binding agreements to sell $12 billion of semiconductors to Xiaomi, Oppo and Vivo over the next three years.

* Ford Motor (F.N) and China’s Anhui Zotye Automobile (000980.SZ) have agreed to invest a combined $756 million to set up a 50-50 joint venture in China to build electric passenger vehicles.

* Delfin Midstream has reached a preliminary 15-year sales deal to supply 3 million tonnes a year of liquefied natural gas (LNG) to city gas distributor China Gas Holdings (0384.HK) from 2021.

* Goldman Sachs & Co [GSGSC.UL] and CIC announced a strategic agreement to establish a China and United States industrial cooperation fund. The fund will target $5 billion in commitments to invest in U.S. companies in the manufacturing, industrial, consumer and healthcare industries that have or can develop China business connections.

* The United States soybean industry has signed letters of intent worth $5 billion with Chinese importers covering the purchase of an additional 12 million tonnes of soybeans in the 2017/18 marketing year.

* Air Products and Chemicals (APD.N) ‍signed an agreement with Yankuang Group for a $3.5-bln coal-to-syngas production facility in China.

* JD.Com Inc (JD.O) said it would purchase more than $2 billion of U.S. agriculture and food products over the next three years, including at least $1.2 billion of beef from Montana Stock Growers Association and pork from Smithfield Foods Inc. [SFII.UL].

* Bell Helicopter, part of Textron Inc (TXT.N), reached a deal to sell 50 additional Bell 505 helicopters to Reignwood International, with Reignwood also being named the craft’s exclusive reseller in China.

* Terex Utilities Inc. and Xuzhou Handler Special Vehicle (300201.SZ) signed a strategic letter of intent for Xuzhou Handler to by 5,000 insulated aerial devices from Terex over five years worth $250 million.

* Viroment signed an agreement with Hangzhou Iron and Steel worth $800 million addressing textile and sewage sludges for over 800 plants. Viroment also signed a $100-million agreement with Guangye Guangdong Environmental Protection Group to address sewage sludge solids disposal requirements in South China.

* Honeywell (HON.N) said it signed agreements with Oriental Energy to adopt Honeywell products for projects to convert propane into propylene and with Spring Airlines (601021.SS) to use Honeywell cockpit technologies and auxiliary power units in aircraft.

* Dow Chemical Co (DOW.BN) and Shanghai-based bike-sharing firm Mobike signed a memorandum of understanding to develop lighter-weight and more environmentally-friendly Mobikes.

* Drylet LLC agreed to form a joint venture with Nanjing Hoyo Municipal Utilities Investment and Administration for wastewater treatment in China. Hoyo Municipal Utilities Investment and Administration will also become an equity investor in Drylet.

* Software company SAS signed a cooperation agreement with Shenzhen Zhenghong Technology to establish the Big Data Innovation Center for Smart Manufacturing in Shenzhen.

* Caterpillar, Inc. (CAT.N) and China Energy Investment Corporation signed a five-year strategic cooperative framework agreement covering future agreements for mining equipment sales and rentals, technology applications and product support.

* Cheniere Energy Inc (LNG.A) signed a memorandum of understanding (MOU) with China National Petroleum Corp [CNPET.UL] for long-term LNG sales and purchase cooperation.

* Westinghouse Electric Co. signed contracts with China’s State Nuclear Power Technology Co. to build six AP1000 nuclear power plants in China.

* The Digit Group signs three contracts worth a combined $1.9 billion.

REUTERS Article

British Parliament adopts the Coercive Acts

Upset by the Boston Tea Party and other blatant acts of destruction of British property by American colonists, the British Parliament enacts the Coercive Acts, to the outrage of American Patriots, on this day in 1774.The Coercive Acts were a ...
Read More

Jefferson elected to the Continental Congress

Future President Thomas Jefferson is elected to the second Continental Congress on this day in 1775. Jefferson, a Virginia delegate, quickly established himself in the Continental Congress with the publication of his paper entitled A Summary View of the Rights ...
Read More

7 EMP Proof Items for Your Bugout Bag

This post was gladly contributed by Ben Ayad from Outdorrs Time. There was a time when the world thought the nuclear bomb was as bad as it could get in war. Times have changed, and we know that the one ...
Read More

Parliament passes the Boston Port Act

On this day in 1774, British Parliament passes the Boston Port Act, closing the port of Boston and demanding that the city’s residents pay for the nearly $1 million worth (in today’s money) of tea dumped into Boston Harbor during ...
Read More

Parliament passes the Quartering Act

On this day in 1765, Parliament passes the Quartering Act, outlining the locations and conditions in which British soldiers are to find room and board in the American colonies.The Quartering Act of 1765 required the colonies to house British soldiers ...
Read More

Patrick Henry voices American opposition to British policy

During a speech before the second Virginia Convention, Patrick Henry responds to the increasingly oppressive British rule over the American colonies by declaring, “I know not what course others may take, but as for me, give me liberty or give ...
Read More

Massacre at Hancock’s Bridge

On March 21, 1778, just three days after British Loyalists and Hessian mercenary forces assault the local New Jersey militia at Quinton’s Bridge, three miles from Salem, New Jersey, the same contingent surprises the colonial militia at Hancock’s Bridge, five ...
Read More

Anti-Slavery Republican Party founded

In Ripon, Wisconsin, former members of the Whig Party meet to establish a new party to oppose the spread of slavery into the western territories. The Whig Party, which was formed in 1834 to oppose the “tyranny” of President Andrew ...
Read More

First U.S. air-combat mission begins

On this day in 1916, the First Aero Squadron, organized in 1914 after the outbreak of World War I, flies a support mission for the 7,000 U.S. troops who, six days earlier, had invaded Mexico on President Woodrow Wilson’s orders ...
Read More

 

Most Read Stories

Project Thor
Defense

Did the U.S. Just launch “Project Thor” as the secret ZUMA Payload that SpaceX just put into Orbit?

The 107-country Outer Space Treaty signed in 1967 prohibits nuclear, biological, or chemical weapons from being placed or used from Earth’s orbit. What they didn’t count on was the U.S. Air Force’s most simple weapon […]

Police State
Defense

With a Stroke of a Pen, PA Governor Wolf Limits Firearm Rights by Proclaiming State of Emergency

Today, Pennsylvania Governor Wolf issued a proclamation declaring Pennsylvania’s heroin and opioid epidemic a statewide disaster emergency, seemingly triggering the firearm prohibitions found in 18 Pa.C.S. § 6107 during declared emergencies. Specifically, Section 6107 provides: (a) General […]

Goodbye Brass
Defense

Goodbye, Brass?

by Art Merrill – Monday, February 13, 2017 Let’s skip the appetizer and get right to the meat and potatoes of a manufacturer’s claims for a new cartridge case technology to replace the 150-year reign of […]