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General Electric signs $3.5 billion deals in China

Reuters  |  BEIJING 

(Reuters) - General Electric Co signed three aviation and engine with Chinese partners worth a total of $3.5 billion on the sidelines of a state visit to by U.S. President Donald Trump, who has been looking to stir up U.S.-trade.

The partnerships were signed in the presence of and Chinese President Xi Jinping, as well as U.S. Commerce Secretary Wilbur Ross and Chinese Vice Premier Wang Yang, said in a statement.

The included an engine and repair deal for GEnx-1B engines from Juneyao Airlines Co Ltd worth $1.4 billion at list prices, and another $1.1 billion order for 80 Leap-1B engines to power 40 Boeing 737 MAX Aircraft from ICBC Leasing, the leasing arm of state bank Industrial and Commercial Bank of Ltd, said.

also signed a framework agreement with Datang Group to supply it with gas turbines and other components for Chinese domestic projects valued at about $1 billion.

Chinese state television also reported that U.S. planemaker Boeing had signed $37 billion in commercial in as part of Trump's visit. Boeing did not immediately respond to requests for details on the

(Reporting by Monitoring Desk and Brenda Goh in SHANGHAI; Editing by Stephen Coates)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 09 2017. 10:48 IST
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