European Stars and Stripes (Newspaper) - November 06, 1994, Darmstadt, Hesse Sunday novembers 1994 Money matters the stars and stripes Page 13 Douglas China Seal Jet pact ". By " Washington a a $1.6 Bil lion Purchase agreement for 40 . Medium sized passenger jets for chinese commercial airlines climaxed the three Day visit by a top level chinese economic and Trade delegation. The Mcdonnell Douglas corp. Jetliner Deal was concluded Friday at a signing ceremony at the Commerce department. It provided the Clinton administration an Opportunity just four Days before the con Gressional elections to demonstrate commitment to economic growth through exports. Campaigning for democratic Candi dates m California president Clinton touted the agreement to an audience of Mcdonnell Douglas workers saying this is a part of our ongoing Effort to expand Trade in ways that maintain jobs in the United the agreement Calls for 20 of the my 80 and,md-90 jetliners to be built in China and the remainder in the United states Over the next four years. Engines would be made by International Aero engines in Connecticut. Some earlier Mcdonnell Douglas jets have been assembled in China. Mcdonnell Douglas chairman John Mcdonnell said that the Deal Means jobs for 4,600 workers half of them in the company s Long Beach calif., Plant an others scattered throughout the country. The agreement was signed by Mcdon Nell and chinese vice Premier Lilan Ding who headed the delegation of 100 chinese government and business executives to the Trade conference with More than 100american business leaders. China currently replacing aging soviet Model planes bought 52 jets last year from the Boeing co., Mcdonnell Doug Las main . Competitor. In August Boeing announced plans for a $100 Mil lion factory at i an China to make tails for 737 jetliners and said it was consid ering manufacturing a Sqq seat Jet in China. The chinese promised still More business for . Exporters if the two countries could resolve lingering Trade tension. Mcdonnell Douglas chairman John Mcdonnell presents chinese vice Premier i land Long with a Model of an md-90 jetliner Friday in Washington. Mutual new York a weekly investing Compa Nies it Vang the High Tow and last was for the week with the net change Tram the previous week s last Nav. Al quotations supplied by the National association of securities dealers inc. Reflect net asset values at which securities could sold. High Low list ch0 am. 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