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China, U.S. ink $574 million worth of trade deals

China, U.S. ink $574 million worth of trade deals (by Chris Oliver)

HONG KONG (MarketWatch) -- Chinese and U.S. businesses signed six agreements worth $574 million in Texas on Monday, China's official Xinhua news agency report Tuesday. The deals -- announced one day ahead of Chinese President Hu Jintao's state visit to the U.S. -- include exports to China of agricultural commodities and solar technologies, as well as agreements on imports of Chinese porcelain and other goods. In a related development, China's Ministry of Commerce said Tuesday it will sign a series of trade and investment agreements with U.S. counterparts Friday in Chicago, according to a report by Dow Jones Newswires. The ministry did not provide details on the deals in documents circulated to reporters in Beijing.