China, U.S. historic deals market-oriented

Updated 2017-11-14 10:01:57 Xinhua

The recent record-breaking business deals between China and the United States were directed by companies and market-oriented, according to a vice commerce minister in an exclusive interview Monday.

"The achievements are business agreements and trade cooperation intentions directed by enterprises, negotiated and signed under market principles," said Yu Jianhua, vice minister of commerce and deputy international trade representative with the Ministry of Commerce.

China and the United States signed deals worth 253.5 billion U.S. dollars during U.S. President Donald Trump's visit last week, consisting of 34 cooperative agreements and plans.

Among them, there are 26 trade items worth a total of 108.8 billion U.S. dollars and eight mutual investment projects worth 144.7 billion dollars, according to Yu.

"The record high value of the business achievements shows bilateral economic and trade cooperation enjoys an extensive basis of popular opinion, receives strong support from industrial members and has broad prospects," Yu said.

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