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Chinese Officials Unveil Energy, Railway Tie-Ups With U.S. Companies

Sep 18 , 2015

BEIJING—Top economic advisers to Chinese President Xi Jinping made a rare public appearance to tout new cooperation deals between U.S. and Chinese companies, in an attempt to highlight common interests ahead of what may be tense talks between Mr. Xi and U.S. President Barack Obama.

The advisers on Thursday unveiled new deals in energy and railways. They include a tie-up between General Electric Co. and China National Machinery Industry Corp.—a state-owned conglomerate known as Sinomach with ambitions to become the GE of China—to build clean-energy projects in Africa. They also announced an agreement between Chinese rail companies and a U.S. firm that hopes to build a rail line linking Southern California to Las Vegas, and disclosed a planned $3 billion fund to invest in energy-efficient projects in China.

“Economic and trade cooperation have always been the ballast and propeller of the China-U.S. relationship,” said Shu Guozeng, a deputy director of the ruling Communist Party’s economic advisory group, called the Office of the Central Leading Group for Financial and Economic Affairs. It acts somewhat like the White House’s National Economic Council. 

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