What Does Hu Mean for You?

The Street is keeping a watchful eye on Washington this week with China’s president Hu Jintao making a state visit.

Over the course of 4-days President Obama is expected to address a wide range of issues many of which are political. But others could have an impact on your portfolio.

DEALS, DEALS, DEALS

Amid his meetings, president Hu Jintao is expected to announce new trade deals and partnerships for doing business. In fact, some have already been announced:

- General Electric announced a deal with China Huadian to supply China with about 50 gas turbines; the agreement is expected to generate $500 million in revenue over the next five years.

- A 120-person delegation in Houston signed two cotton import agreements, according to Chinese media outlet Xinhua.

More deals are expected to follow with the Wall Street Journal speculating that energy deals between U.S. and Chinese companies could be unveiled this week. In addition, other pundits are looking for deals in the computer and agricultural areas. And again, according to the Journal, the grand daddy of them could involve the sale of Boeing jets.

THE JADE ELEPHANT IN THE ROOM

Of course, what's mentioned above pales by comparison to revaluing the yuan - and that will likely remain the hot button issue.

Earlier in the week, the White House said China must take more steps to allow its currency to strengthen.

Meanwhile, a group of senators said on Monday they would push for approval of a bipartisan bill pressing China to more quickly raise the value of its currency.

Advocates claim wide support for the measure, but previous efforts to pass currency legislation directed at China have failed because of concerns it could trigger retaliation by Beijing, which is the biggest foreign holder of U.S. government debt.

Both the Senate and the House of Representatives would have to approve the bill, and President Barack Obama would have to sign it, for it to become law.

OTHER ISSUES

In addition, Mr. Hu and President Barack Obama are also expected to discuss human rights, protections for intellectual property, energy, China's military buildup and multi-lateral tensions with North Korea.

What else must you know about this important visit. Find out from Andy Busch of BMO Capital. Watch the video above!

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