WASHINGTON, April 28 (UPI) -- The U.S. Chamber of Commerce said new contracts between U.S. companies and Chinese business leaders would create U.S. jobs and spur economic development.
Contracts involving Hewlett-Packard, Dell, Amway and others valued at $10.6 billion were signed Monday, the Chamber of Commerce said.
The 32 signed contracts would "create jobs and stronger commercial bonds between the United States and China," the chamber's senior vice president of international affairs Myron Brilliant said, Xinhua reported.
Chinese Commerce Minister Chen Deming said China would "welcome American companies that want to increase their investments in China."
On the same day the contracts were signed in Washington, however, the American Chamber of Commerce in Beijing released a report critical of "antiquated export control regulations," Xinhua said.
"U.S. export control policies do not adequately incorporate the realities of this global environment," the 2009 White Paper on the State of American Business said.
