Trump’s China Tour: Business and North Korea on Agenda

US President Donald Trump’s China Tour Commences Soon: About 40 heads of US corporations will accompany US President Donald Trump during his state visit to China, which will begin on November 8. This is reported on its website agency Bloomberg, referring to sources in the US administration. According to their estimates, as a result of negotiations with a representative trade delegation with Chinese counterparts deals worth billions of dollars can be signed.

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Among these corporations representing different industries are General Electric, Honeywell International, Westinghouse Electric, Boeing, Qualcomm.

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“One of the biggest deals being discussed during Trump’s China Tour is the investment agreement with the Chinese oil and gas corporation Sinopec,” the agency said. “Its implementation will create thousands of new jobs in areas that have suffered from hurricanes in Texas and the US Virgin Islands.”

Within the framework of the project, details of which are still being worked out, it is planned to build a 1,100-km pipeline from the oil field in western Texas to the Gulf of Mexico and build an oil storage facility there. In addition, Sinopec will expand the existing oil storage facility on the island of Santa Cruz in the Caribbean Sea.

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It is expected that the investment of the Chinese corporation in this project, which is yet to be approved by the regulatory bodies of the United States and China, will exceed $ 7 billion. On the American side, the Boston investment firm ArcLight Capital Partners and the commodity trader from Connecticut Freepoint Commodities will participate in it.

During Trump’s China Visit, the White House emphasized, we will work with Beijing to “undertake to rebalance our economic relations.” The PRC is now the largest trading partner of the United States and also owns US securities worth $ 1.15 trillion.