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China does business a little differently than the U.S. but we track results in the same way:  the value of deals and the number of jobs created.

Hu Jintao’s State Visit from January 18-21 may have been a dog-and-pony show on a big stage but it did register some big results at the box-office.

Having worked in the trenches of the U.S.-Japan trade war in the early 1990s, I know full well that the numbers trotted out in press statements for Presidential events need to be taken with a grain of salt.  Notwithstanding, the underlying facts they describe have a reality.  Yes, there was some degree of smoke and mirrors involved in the numbers announced with the original U.S.-Japan Auto Trade Agreement in 1992.  Nonetheless,  those numbers pointed to real changes which seem commonplace today — there’s no longer a trade war with Japan, U.S. consumers have better cars, Toyota sponsors the Super Bowl, and Japan’s economy proved far less able to overtake the U.S. than many had supposed.

All of this suggests that we shouldn’t sneeze at US $50 billion in trade deals announced during the Hu Jintao State Visit.  Also, that grain of salt may perhaps be better applied to the growing perception that China owns the future.

AEP, AES, Aloca, Duke, Ener1, GE and UPC racked up more than $12.5 billion in trade, investment and project deals over the past four days.  This bodes well for the future of U.S.-China clean energy cooperation.  The guts of these seven deals show that the U.S. provides innovation and China provides a huge market.  That basically represents a fair deal for both sides.

Click here or directly on the slide thumbnail below to access the slide-master with links to full details of each of these seven deals:

Over the months ahead, I’ll be posting to the U.S.-China Clean Energy blog more reporting on U.S. cleantech firms that secured deals during the Hu Jintao State Visit (January 18-21):

This series will include coverage of:

  1. the Wanxiang-Ener1 deal to supply high-quality U.S. batteries to electric buses in China
  2. Goldwind USA’s planned expansion of U.S. production and employment
  3. a deal siting a PV manufacturing plant near a U.S. Energy Innovation Cluster (EIC) and U.S.-China Clean Energy Research Center (CERC)
  4. the clean energy aspect of huge new deals by GE and Boeing.

Please check back for these.  In the meanwhile, here’s my personal view of the Arrival Ceremony for Hu Jintao:

John Smith (Chairman of Global Philadelphia Association) and  I had the honor to be asked by Mayor Nutter to attend this ceremony.
Courtesy of my iPhone, here is a mix of the music, video, and stills from that ceremony arranged in the sequence that they occurred.  Two things to watch for:
  • Just after Hu and Obama are first seen on the podium, look for the clouds of gunpowder near the foot of the Washington Monument during the 21 gun salute and
  • In the next shots, look to the right at the base of the podium and you can glimpse Secretary Gates and Admiral Mullin in the area where the rest of the Cabinet was stationed out of my camera view.

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