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U.S., China to sign billions in business deals Monday

WASHINGTON (Reuters) - U.S. and Chinese companies will sign more than 30 contracts on Monday worth billions of dollars to American businesses, the U.S. Chamber of Commerce said on Friday.

Companies attending the signing ceremony include FedEx Corp FDX.N, Dell Inc DELL.O, Lenovo 0992.HK, and China Telecom 0728.HK, the business group said.

The signing ceremony will take place following an annual meeting of the U.S. China Trade and Investment Cooperation Forum, which is being co-hosted by the U.S. Chamber and the China Chamber of Commerce for Import Export of Machinery and Electronic Products.

Chinese Commerce Minister Chen Deming and Acting U.S. Undersecretary for International Trade Michelle O’Neill are scheduled to speak at the event, as well as senior executives from the four companies listed above.

U.S. and Chinese companies often sign contracts when Chinese officials visit the United States, many times for deals that have been long in the works or previously announced.

The forum and signing ceremony underscore the importance of commercial relations between the two countries, the U.S. Chamber said.

Editing by Derek Caney and Matthew Lewis

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