April 12, 2006

BECAUSE THEY NEED US MORE THAN WE NEED THEM:

China makes US trade concessions (BBC, 4/12/06)

China has made a number of trade concessions to the US ahead of President Hu Jintao's visit next week.

Eager to smooth the way before Mr Hu's trip, Beijing has agreed to remove its ban on US beef and make it easier for US firms to bid for public contracts.

Also promising to clamp down on pirated goods, China's Vice-Premier Wu Yi made the pledges at talks in Washington.

It was separately announced that China is buying 80 additional 737 planes from US giant Boeing worth $4.6bn (£2.6bn).

Posted by Orrin Judd at April 12, 2006 8:07 AM
Comments

Clamping down on piracy should be China's number one priority. Piracy and theft (usually state sponsored or ignored *wink, wink* by Chinese officials) is one of the biggest reasons US manufacturers are pulling out of China. It is a sad state for China when goods security is 70% better in Mexico than in China.

Posted by: Shelton at April 12, 2006 9:12 AM

Too bad people security isn't as good.

Posted by: Sandy P at April 12, 2006 9:45 AM

Unpeg the Yuan, then we'll talk.

Posted by: Gideon at April 12, 2006 5:16 PM
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