China to spend millions on U.S. exports - KWWL - Eastern Iowa Breaking News, Weather, Closings

China to spend millions on U.S. exports

WASHINGTON (AP) -- A senior administration official says China will announce deals Wednesday to purchase $45 billion in U.S. exports, including a $19 billion agreement to buy 200 Boeing airplanes.

The official says the deal will create 235,000 jobs in the U.S.  China will also invest in U.S. exports from agriculture, telecommunications and computer companies.

China and the U.S. are to announce the deals during Chinese president Hu Jintao's state visit to Washington.  CEOs from several of the companies China is striking deals with, including Boeing and General Electric, will meet with Hu and President Barack Obama at the White House Wednesday.


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