Word: trading
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Dates: during 1990-1999
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SHANGHAI: President Clinton's enthusiasm for the changes sweeping China was tempered by some pointed remarks on trade Wednesday. "China's economy is still burdened with complicated and overlapping barriers," he complained while addressing a group of American businessmen. The President expressed disappointment that no agreements on trade disputes had been reached during his Beijing visit, and warned that for China to achieve its coveted membership of the World Trade Organization it will have to free up its economy to trade and investment...
...keeping it closed. The government is genuinely worried about competition at a time when massive reform of its moribund state enterprises is throwing millions out of work, but it is still a locked-down, state-protected economy. By dint of insistent negotiating, the U.S. has since 1993 reached 15 trade agreements that have opened the door somewhat. Included are two very difficult treaties to protect intellectual-property rights. The world's worst pirater, says U.S. Trade Representative Charlene Barshefsky, "has gotten very serious about this because they have to if they want foreign investment...
...model wearing a different dress. There are about a hundred of these changes in the course of the 12 minutes the film lasts, and every outfit is as banal as the last. It's meant (one presumes) to satirize the cultural pretensions of the upper reaches of the rag trade: Warhol with the glamour taken out. It makes for a very long 12 minutes...
...Fair enough, but Walk on Water (Simon and Schuster; 250 pages; $23), though it does deal with booze and fishing addictions (the first deadly, the second a kind of soul's balancing act, said to be curative), is chiefly the record of a writer growing up and learning her trade...
...China wants that status now. It wants to be consulted on global economic matters, and most of all, it wants admission to the World Trade Organization. That is the not-so-hidden agenda that awaits Bill Clinton in China. More consultation with Beijing wouldn't hurt. But if the U.S. lets China into the WTO without insisting that Beijing abide by the same rules as everyone else, the entire global trading system could be jeopardized. Clinton should keep in mind that China needs us a good deal more than we need...