China and the United States signed a 38.6 billion dollar trade agreement involving a number of areas

According to news released by the Ministry of Commerce on February 18, the China Trade and Investment Cooperation Promotion Group recently signed 149 agreements and memorandums in various parts of the United States, with a total amount of US $38.6 billion. Among them, China has 50 procurement projects from the United States, 37 export projects to the United States, 12 investment in the United States, 25 US investment in China, and 25 bilateral economic and trade cooperation projects, involving new energy, agricultural trade, communication equipment, computer parts, software, medicine, light industrial products, infrastructure construction and other key areas of bilateral economic and trade cooperation.

Yu Jianhua, Assistant Minister of Commerce, said that China and the United States are the two largest economies in the world and the two largest trading countries in the world. China and the United States together account for nearly 38% of global GDP, while the trade volume between China and the United States together accounts for about 20% of the world's total. The smooth development of Sino-US economic and trade relations is of great significance to the development of world trade and even the world economy.

Yu Jianhua analyzed the trade deficit between China and the United States. He said that there are many reasons for the trade imbalance between China and the United States. There are not only statistical differences between the two sides, but also the result of the international division of labor under the conditions of economic globalization. China implements a policy of basic balance between imports and exports and does not deliberately pursue a surplus. Resolving the trade imbalance requires the joint efforts of both China and the United States. China is willing to increase imports of aerospace, auto parts, health medicine, semiconductors and their manufacturing equipment, high-tech equipment, renewable energy, clean energy, new building materials, safety equipment, communications, information technology and other products from the United States, and gradually achieve a basic balance in bilateral trade while continuously expanding the scale of bilateral trade. Yu Jianhua also put forward three suggestions on expanding Sino-US bilateral economic and trade relations: First, expand two-way investment cooperation. The second is to open up new areas of cooperation. The third is to strengthen cooperation in infrastructure construction.

In order to cooperate with Vice President Xi Jinping's visit to the United States, the China Trade and Investment Cooperation Promotion Group led by Yu Jianhua of the Ministry of Commerce visited the United States from February 12 to 17 to carry out a series of trade and investment promotion activities in the United States. The trade and investment cooperation promotion group is composed of 6 sub groups, more than 300 enterprises and more than 500 representatives. During their stay in the United States, the delegation carried out nearly 70 economic and trade activities in 8 states and 11 cities in Washington, D. C., including business visits, trade and investment promotion, and project negotiation and signing.

It is also reported that China and the United States have recently reached an agreement on a memorandum of understanding to resolve WTO film-related issues, including provisions such as a substantial increase in the quota of US imports.

According to reports, the Chinese government has agreed to increase the quota of 14 movies in addition to the quota of 20 overseas movies each year, but it must be 3D movies or IMAX movies, and the US box office share will also increase from 13% to 25%. The two sides also plan to increase the opportunities for Chinese private enterprises to release imported films, breaking the situation dominated by China Film and other companies in the past.

At the same time, DreamWorks Animation of the United States also announced that it has signed a contract with Shanghai Media Group, China Chinese Cultural Industry Investment Fund and Shanghai Lianhe Investment Co., Ltd. to jointly invest in the establishment of an entertainment company "Oriental DreamWorks" produced and distributed in China ". The company has total assets of US $0.33 billion. China will hold 55% of the shares and DreamWorks will hold 45%. The establishment of "Oriental DreamWorks" is regarded as one of the important links of Shanghai Disney project.

The above news has aroused widespread concern in the industry. The increase in the number of imported films will undoubtedly intensify the current competition in the Chinese film market, but most people in the industry have publicly stated that in the long run, this will be good for the industry. Because the increase in external openness will force the country to accelerate the level of production, to a certain extent to curb the current impetuous redundant investment. Film director Feng Xiaogang also said on his Weibo that the increase in imported films will force the Chinese government to step up its crackdown on piracy, and the domestic film industry will also benefit.