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| Visiting Chinese Vice Premier Wu Yi(L2, back), Mayor
of Los Angeles Antonio Villaraigosa (R2, back), and Michael Antonovich
(L1, back), chairman of the Board of Supervisors of the Los
Angeles county attend a signing ceremony in Los angeles, US, April 6,
2006. (Xinhua) |
LOS ANGELES, April 6 (Xinhua) -- A Chinese entrepreneur
delegation and the Los Angeles municipality signed here Thursday an array of
procurement contracts worth 4.44 billion U.S. dollars.
The contracts involved 27 projects, ranging from
software, power generation equipment to automobiles and electronic products.
The signing ceremony was attended by visiting Chinese
Vice Premier Wu Yi and Mayor of Los Angeles Antonio Villaraigosa as well as
Michael Antonovich, chairman of the Board of Supervisors of the Los Angeles
county.
Wu said that the Sino-US trade relationship was a key
part of the bilateral ties, and it was in conformity with the fundamental
interests of the two peoples to keep it moving in a healthy and steady way.
The bilateral trade volume reached 211.63 billion
dollars in 2005, 86 times more than that of 1979 when their diplomatic ties were
established.
China now is the third largest trade partner of the
United States, which stands as China's No. 2 trade partner.
As for the trade frictions between the two countries,
Wu described them as a natural phenomenon when their business relations grow
rapidly.
Wu called for candid, objective and equal-footing
discussions to seek solutions to the trade frictions, adding that trade issues
should not be politicized.
Echoing Wu's remarks, the American hosts maintained
that the signing of the contracts was of great commemorative significance to
both sides.
They said those contracts were the result of joint
efforts by Chinese and America entrepreneurs, which have helped enhance mutual
trust and understanding, and boost common interest in bilateral trade. Enditem
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