US & China to sign MEGA bussiness deals on Monday?

[Mega]

http://money.cnn.com/news/newsfeeds/..._WBT011118.htm

I wonder what?
Mike

[thedanimal]

Re: US & China to sign MEGA bussiness deals on Monday?

Dog and pony show to keep the confidence game going.

[GRG55]

Re: US & China to sign MEGA bussiness deals on Monday?

http://money.cnn.com/news/newsfeeds/..._WBT011118.htm

I wonder what?
Mike

Here's an updated and somewhat more complete report directly from Reuters. All show, all the time...

UPDATE 2-US, China to sign billions in business deals Monday

Fri Apr 24, 2009 3:35pm EDT

WASHINGTON, April 24 (Reuters) - U.S. and Chinese companies will sign more than 30 contracts on Monday worth billions of dollars to American businesses, the U.S. Chamber of Commercesaid on Friday...

...The signing ceremony will take place following an annual
meeting of the U.S. China Trade and Investment Cooperation
Forum, which is being co-hosted by the U.S. Chamber and the China Chamber of Commerce for Import Export of Machinery and Electronic Products...

...U.S. and Chinese companies often sign contracts when
Chinese officials visit the United States, many times for deals
that have been long in the works or previously announced...

...The large and persistent U.S. trade deficit with China,
which hit a record $266.3 billion last year, has been a sore
spot in bilateral relations.

However, both countries now find themselves battling to
restore export growth in the face of slumping global demand...

[occdude]

Re: US & China to sign MEGA bussiness deals on Monday?

The Chinese are looking for ANYTHING we do that they can possibly strip and use.

In this relatively deflationary environment, there are American assets that can be purchased on the cheap. Deals can be struck with competitive companies at bargain prices, while the inflationary picture looks tame. Picture you're frugal aunt Mimi rifling through the bargain bin, bypassing the garbage and picking out the pearls. The Chinese have a 3rd worlders concept of what is valuable and what is fluff. I'd look for them to continue their spending spree, buying anything that has utility with currency that is loosing its purchasing power.

[c1ue]

Re: US & China to sign MEGA bussiness deals on Monday?

Looking at the actual news - PLEASE please provide an excerpt Mega...

U.S. and Chinese companies will sign over 30 contracts on Monday worth billions of dollars to American businesses, the U.S. Chamber of Commerce said on Friday.
Companies attending the signing ceremony include Fedex , Dell, Lenovo, and China Telecom , the business group said.

Um, isn't Lenovo a Chinese company? And how does Lenovo and Dell together work out? Cross marketing PCs?

Fedex? Curious as to what that is since they already have service in China. Maybe a offloading of US overcapacity jets to Fedex China? or some Chinese airline?

China Telecom - this might be real. Fiber optic or some other type of telecom bandwidth expansion.