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...China may have averted a trade war with an anti-piracy pact signed Sunday, but more battles are looming in other categories of commerce. China's agreement to crack down on piracy of U.S.-produced computer software, compact disks, videotapes and other "intellectual property" averted a U.S. threat of punitive tariffs. The agreement brought China a step closer to joining the World Trade Organization, especially if it strictly enforces the new agreement. Chinese membership in the WTO has been blocked by Europe and the Clinton Administration, which object to trade barriers restricting sales of western goods and services there. While...

Author: /time Magazine | Title: CHINA TRADE TUSSLE CONTINUES | 2/27/1995 | See Source »

...Chinese products, ranging from plastics to cellular phones, in retaliation for Beijing's failure to resolve a dispute over the piracy of American patents and copyrights. China, which sells about 40% of its exports to the U.S., swiftly counterpunched, saying it would then impose retaliatory tariffs on American compact discs, cigarettes and other items...

Author: /time Magazine | Title: THE WEEK: JANUARY 29-FEBRUARY 4 | 2/13/1995 | See Source »

...software, music and films. The new tariffs are intended to equal the estimated revenue lost through theft of U.S. copyrights and patents in China. Among the hardest- hit Chinese exports are plastics, picture frames, cellular phones, answering machines, sporting goods and some bicycles. Beijing responded with 100% tariffs on compact discs, cigarettes, alcoholic beverages and other products, threatening a trade war between two of the world's largest markets...

Author: /time Magazine | Title: THE WEEK: JANUARY 29-FEBRUARY 4 | 2/13/1995 | See Source »

Because the gas is premagnetized, MRI machinesdetecting xenon only require a weak magnetic fieldand can probably be made much smaller thanconventional imagers. Walsworth says he hopes thenew MRI's compact size will allow it to be broughtaboard the space shuttle to provide data on howzero gravity affects the body...

Author: NO WRITER ATTRIBUTED | Title: In Focus | 2/1/1995 | See Source »

...commerce continues to churn out ever more sophisticated means of packaging and distributing this melange to consumers. Today some 85% of U.S. homes with television sets also have VCRs, generating nearly $10 billion in annual videotape rentals in a market that did not exist 20 years ago. The compact disc rejuvenated the recorded-music industry, winning new listeners for both Mozart and Jimi Hendrix, just as the CD-ROM promises to turn home computers into powerful outlets for entertainment...

Author: /time Magazine | Title: THE EVER GROWING ELECTRONIC CULTURE | 1/30/1995 | See Source »

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