2. Infrastructure and financing

The China National Machinery Industry Corporation (Sinomach) and America's General Electric Company sign a Memorandum of Understanding on Cooperation of Clean Energy Projects in Africa, which aims to quadruple the number of people who have access to electricity in sub-Saharan Africa. The agreement married China's "Belt and Road" Initiative with America's "Power Africa" Plan. (Photo/Sinomach)

The United States welcomes China's growing contributions to financing development and infrastructure in Asia and beyond.

Both sides acknowledge that new and future institutions should be significant contributors to the international financial architecture.