China: Why The U.S. Wants To Play `Let's Make A Deal'Amy Borrus
With the clouds lifting over the troubled U.S.-China relationship, a breakthrough may be near. The Clinton Administration is quietly signaling Beijing that the U.S. is ready to end the stalemate blocking Chinese membership in the World Trade Organization. The Administration still wants China to agree to stiff commercial conditions before it can enter the new global trade club. But for the first time, the U.S. is willing to haggle over terms--and it's ready to be flexible. Already, U.S. policymakers are offering a negotiating sweetener that Beijing craves: permanent most-favored-nation trade status.
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