Menu
Share
Share this story
Close X
 
Switch to Desktop Site

President Obama to China: Let us sell you stuff!

"We want to sell you all kinds of stuff," he just told visiting Chinese President Hu Jintao at a White House presser.

He then went on to mention software and cars and a few other things. I wish he'd stopped at "all kinds of stuff."

About these ads

That US trade deficit with China? $252 billion in the first 11 months of last year. VOA is reporting that $45 billion of US corporate export deals with China -- about half of that with Boeing -- will be announced during President Hu's visit.

I don't cover trade in depth, but my first "real" job in journalism was for Bloomberg News writing about investment in Asia, mostly Indonesia.

I don't know the specifics of this case, but in my experience such bundled announcements of "deals" made during big bilateral and multilateral meetings are for feel-good reasons. I remember the slew of deals "secured" during President Bill Clinton's visit to Indonesia for the second APEC summit in Bogor, a hill town near Jakarta, in 1994. Most of those were deals that were being done anyway and announced at the time for cosmetic impact.


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.