Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Clinton Hangs Tough On China


In Business This Week

CLINTON HANGS TOUGH ON CHINA

Stay the course. That's what Clinton Administration officials have decided to do with their muddled China policy. On Mar. 22, senior advisers decided to hold China to achieving "overall, significant progress" in seven areas outlined in an executive order signed last spring. If the State Dept. finds China in noncompliance, the U.S. Congress could revoke most-favored-nation trading status come June 3. Such a meltdown in U.S.-China relations remains a long shot, though. Administration officials are betting. China will soften its tone and concede enough for both sides to save face. But the hang-tough strategy is fraught with peril: Revoking China's MFN would put 171,000 U.S. jobs in jeopardy, and business hates tying trade to human rights progress.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus