Slow Dance With The Dragon

Despite progress, prospects are fading for China's swift entry into the World Trade Organization

After years of wrangling, U.S. trade officials returned from another round of talks in Geneva in early March full of hope that an agreement for China's entry into the World Trade Organization finally was falling into place. Beijing relented on dozens of U.S. demands on market access, including a promise to let foreign exporters sell in China without going through state-owned intermediaries. The Chinese even hinted they wanted to wrap up a deal in time for President Jiang Zemin's summit with President Bill Clinton late this year.

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