Beijing: US companies, from aircraft maker Boeing to chip giant Qualcomm, announced a slew of deals on Thursday during US President Donald Trump’s visit to Beijing. The deals could be valued as much as $250 billion (Dh918 billion), though some have been long in the pipeline and many are non-binding.
Here is a summary of the announced deals:
* Boeing won orders and commitments worth $37b at list prices for 300 jets, including 260 Boeing 737s and 40 787s and 777s
* Qualcomm signed three non-binding agreements to sell $12b of semiconductors to Xiaomi, Oppo and Vivo over the next three years
* General Electric signed three commercial deals with Chinese partners worth a total of $3.5b
* China Energy Investment Corp signed an MoU to invest $83.7b in shale gas, power and chemical projects in West Virginia
* China’s top state oil major Sinopec, Bank Of China and China Investment Corp agreed to help develop a $43b natural gas project in Alaska
* Ford Motor and China’s Anhui Zotye Automobile agreed to invest a combined $756m to set up a 50-50 JV in China to build electric passenger vehicles
* Goldman Sachs and CIC announced a strategic agreement to establish a China and US industrial cooperation fund
* Dow Chemical and Shanghai-based bike-sharing firm Mobike signed an MoU to develop lighter-weight Mobikes
* JD.Com said it would purchase more than $2b of US agriculture and food products over the next three years
* Bell Helicopter, part of Textron, reached a deal to sell 50 additional Bell 505 helicopters to Reignwood International
* Honeywell said it signed agreements with Oriental Energy to adopt Honeywell products for projects to convert propane into propylene
* The Digit Group signed three contracts worth a combined $1.9b.
