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China Uses Leaders’ Foreign Visits to Obtain Trade Orders

The China Economy website reported that, “Over the past two months, after China’s leaders visited foreign countries, China signed treaties and contracts worth about US$100 billion.” During Hu Jintao’s visit to the U.S., the Ministry of Commerce sent two delegations, in seven groups, to tour the U.S. China (Ed: which directly or indirectly controls all companies in China) signed 14 bilateral treaties and many commercial contracts. The total amount negotiated in the U.S. amounted to about US$60 billion. Last December, Wen Jiabao brought over 400 businessmen to India and Pakistan, where they signed contracts worth US$20 billion. In early January, Vice Premier Li Keqiang’s visited Spain, Germany, and the U.K., and signed contracts with those countries in the amounts of US$7.5 billion, US$8.7 billion, and US$4.7 billion respectively.

Source: China Economy website, January 24, 2011