Commercial cooperation deals with U.S. reciprocal, balanced: MOC

Chinese Ministry of Commerce (MOC) said Thursday the outcomes for Sino-U.S. commercial cooperation achieved during U.S. President Donald Trump's visit are reciprocal and balanced in general.

Chinese and U.S. companies signed deals on 34 cooperation projects worth 253.5 billion U.S. dollars in two signing ceremonies during President Trump's ongoing visit to the country, according to an MOC statement.

Chinese President Xi Jinping (L) holds a grand ceremony to welcome U.S. President Donald Trump at the square outside the east gate of the Great Hall of the People in Beijing, capital of China, Nov. 9, 2017. [Photo: Xinhua/Li Xueren]

"The rich business deliverables include trade and two-way investment projects on both goods and services, ranging over the Belt and Road Initiative, energy, petrochemical, environment protection, culture, pharmaceutical, infrastructure and smart city," the ministry said.

"The rich outcomes for commercial cooperation are consistent with the principle of two-way reciprocity and balance in general," it said.

For the United States, it can increase export to China, stimulate domestic industries and create employment, while importing technology, equipment and products from the United States can help China's industries move up the global value chain, the statement said.

The outcomes indicated the enormous potential and broad prospects for Sino-U.S. cooperation, which "enjoys extensive support from Chinese and American industries and the people," the ministry said.

Trump arrived in Beijing Wednesday for a three-day state visit, accompanied by a trade delegation consisting of 28 CEOs of U.S. companies.