He then went on to mention software and cars and a few other things. I wish he'd stopped at "all kinds of stuff."
That US trade deficit with China? $252 billion in the first 11 months of last year. VOA is reporting that $45 billion of US corporate export deals with China -- about half of that with Boeing -- will be announced during President Hu's visit.
I don't know the specifics of this case, but in my experience such bundled announcements of "deals" made during big bilateral and multilateral meetings are for feel-good reasons. I remember the slew of deals "secured" during President Bill Clinton's visit to Indonesia for the second APEC summit in Bogor, a hill town near Jakarta, in 1994. Most of those were deals that were being done anyway and announced at the time for cosmetic impact.