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China to buy $4.3B in U.S. technology
businessweek.com ^ | 05/11/07 | MICHAEL LIEDTKE

Posted on 05/12/2007 11:55:10 AM PDT by freedomm2

China to buy $4.3B in U.S. technology

A delegation of Chinese business leaders on Wednesday committed to buying $4.3 billion in U.S. technology, hoping to soften a political backlash to the massive trade imbalance dividing two of the world's economic powers. The agreements were trumpeted at a ceremony staged two weeks before the scheduled start of government talks in Washington, where leaders will try to tackle the United States' $232 billion trade deficit with China and other prickly issues. California Lt

. Gov. John Garamendi hailed 27 contracts signed Wednesday as an "important step in furthering the deep relationship between this state, this country and China."

(Excerpt) Read more at businessweek.com ...


TOPICS: Front Page News
KEYWORDS: china; trade; wto
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1 posted on 05/12/2007 11:55:13 AM PDT by freedomm2
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To: freedomm2
Always find it interesting that the loudest squealers about “Big Govt” turn right around and demand the biggest most intrusive useless Fed Govt directed program to micromanage trade just because they have a rabid irrational fear of other people competing with them.
2 posted on 05/12/2007 11:57:23 AM PDT by MNJohnnie (If you will try being smarter, I will try being nicer.)
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To: freedomm2

How does one go about buying technology?


3 posted on 05/12/2007 11:59:04 AM PDT by RightWhale (Repeal the Treaty)
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To: freedomm2

Get on Google Earth and take a look at Shanghai. Sobering.


4 posted on 05/12/2007 12:01:07 PM PDT by NaughtiusMaximus (The 21st century is a real booger.)
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To: RightWhale
How does one go about buying technology?

This way:

http://www.freerepublic.com/focus/f-news/1826637/posts

Why China has Canada sweating

1st May, 2007 l 1001 hrs IST | AFP / The Times of India

OTTAWA: Almost half of counter-espionage efforts in Canada target Chinese spies, the head of the Canadian Security Intelligence Service has told a senate committee.

China ranked at the top of its list of more than a dozen countries believed to be spying on Canada, hoping to glean government, technological and corporate secrets, CSIS director Jim Judd said on Monday.

“China is at the top of our list of counter-intelligence targets and accounts for close to 50 per cent of our counter-intelligence program,” he said, according to CSIS spokeswoman Barbara Campion.

The senate committee is studying whether Canada needs more robust foreign intelligence gathering capabilities or even a separate spy agency like the US’s CIA or Britain’s MI6.

Judd’s comments come as Foreign Affairs Minister Peter MacKay visited Beijing to try to improve relations, strained since the rise to power of Canada’s Conservatives in January 2006, over the jailing of a Canadian imam in China, stalled trade negotiations, and Canada’s failure to extradite Chinese fugitives.

Beijing also showed its displeasure at the Canadian parliament’s decision to give honorary citizenship to Tibetan religious leader in exile, the Dalai Lama, in November.

5 posted on 05/12/2007 12:02:27 PM PDT by CarrotAndStick (The articles posted by me needn't necessarily reflect my opinion.)
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To: freedomm2

Are they buying the plant or the product to clone?


6 posted on 05/12/2007 12:03:45 PM PDT by ex-snook ("But above all things, truth beareth away the victory.")
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To: RightWhale

Well, we sold tons and tons of scrap metal to Japan in the 30’s and it came back to us in the form of Japanese zeros and bullets.

This time it will come back to us in the form of much more deadly weapons.


7 posted on 05/12/2007 12:04:43 PM PDT by auntdot
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To: auntdot

That’s material. They could buy scrap and they could buy manufactured items and grain and lumber, but how does one buy technology?


8 posted on 05/12/2007 12:07:36 PM PDT by RightWhale (Repeal the Treaty)
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To: ex-snook

they are buying up America


9 posted on 05/12/2007 12:11:18 PM PDT by freedomm2
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To: MNJohnnie
All we ask for is a level playing field, not having to compete with a subsidized competitor. China is the worst, by pegging their yuan to the dollar and then having a second currency that is strictly internal makes it almost impossible to compete with them on anything fairly. We compete fine with Japan and Europe, Korea, and many other markets. China is the biggest problem because they won’t let us sell anything they can do themselves, they just want stuff that is impossible for them to do internally.
10 posted on 05/12/2007 12:13:29 PM PDT by Abathar (Proudly catching hell for posting without reading the article since 2004)
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To: All
Gov. John Garamendi hailed 27 contracts signed . . . .

It was so much simpler in the old days when there was just one contract needed to get the technology, with the DNC.

11 posted on 05/12/2007 12:14:00 PM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: CarrotAndStick

Shh, repeat after me, “Trade with China Good, Trade with China good” repeat this everyday for ten years and then you will have the “proper” mentality......

Anyone else remember Charlie Tre and Loral?


12 posted on 05/12/2007 12:16:04 PM PDT by padre35 (we are surrounded that simplifies things-Chesty Puller)
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To: freedomm2

Why don’t we just give them the f****** keys to the White Hose and be done with it? /sarcasm off


13 posted on 05/12/2007 12:18:10 PM PDT by FrankR (Fred Thompson...America's best great hope.....)
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To: freedomm2
Another $228 billion and we will achieve balanced trade with China. A $4.3 billion purchase is a pittance compared to a $232 billion trade gap.
14 posted on 05/12/2007 12:25:03 PM PDT by peeps36 (OUTLAWED WORDS--INSURGENT,GLOBAL WARMING,UNDOCUMENTED WORKER,PALESTINIAN,TERMINATED PREGNANCY)
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To: ex-snook

Food imports threaten humans as well as pets
Article Last Updated: 05/12/2007 07:45:46 AM PDT

IF YOU THOUGHT the poisoned pet food situation was scary, try this one on for size. Since there are too few Food and Drug Administration inspectors, billions of dollars worth of foreign ingredients get a free pass — with virtually no inspection whatsoever.
According to an Associated Press analysis of federal trade and food data, a rising tide of imports are coming from countries with spotty records and everything from salad dressing to ice cream enter this country without a look from overwhelmed inspectors.

In fact, FDA inspectors at ports and border checkpoints often find shipments that are filthy or contaminated, but they rarely bother to inspect because ingredients arent a priority. Oils, spices, flours and gums, for example, havent been blamed for killing humans, so for now they generally get by. So who is doing the safety checks? It appears no one.

Some of these products are obscure, but play a vital role in our daily diets. For instance, some of these products keep soft drinks fizzy, crackers crispy and prevent sauces from gooing up. Gum arabic is extracted from acacia trees and helps gives light whipped cream its texture. It could be the smallest ingredient that gets contaminated and triggers a disaster.

The volume is becoming immense, increasing the chances for trouble. In 2001, the United States imported $4.4 billion worth of ingredients processed from plants or animals. Last year, the total leaped to $7.6 billion. There are many reasons for the

increase in imports. U.S. food makers looking for bargains have doubled their business with low-cost countries such as Mexico, China and India. Changing consumer tastes plays a factor, too.
Heres another form of national security danger. The pet food poisoning also should be a wake-up call that our human food supply can go down the same road. In the case of pet food, it was only one product — an industrial chemical that makes plastics — that led to the deaths of 16 cats and dogs and sickened thousands more. It illustrates the vulnerability of food products coming into this country.

However, thanks to the work done by AP, unlike in the pet food situation, we have prior knowledge that inspections are lax. Now something can be done about it. Waiting for people to become ill or die before setting priorities is completely unacceptable and needs to be eliminated immediately.

Since imports into this country are rising, the number of inspectors must increase — the FDA obviously needs help. Inspection priorities must change; if products come to our shelves a little later than normal as a result, its worth the price we could pay if we consume contaminated products.

We have an obligation to inspect whatever comes into this country, especially products that we digest. Instead of letting the problem continue — and get worse — we need to get serious about adding more inspectors and being more thorough. Lets not wait for a catastrophe to act.


15 posted on 05/12/2007 12:28:35 PM PDT by freedomm2
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To: padre35

It took 12 replies ....


16 posted on 05/12/2007 12:32:36 PM PDT by knarf (I say things that are true ... I have no proof ... but they're true.)
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To: freedomm2
"IF YOU THOUGHT the poisoned pet food situation was scary, try this one on for size. Since there are too few Food and Drug Administration inspectors, billions of dollars worth of foreign ingredients get a free pass — with virtually no inspection whatsoever."

I'm a lot more concerned about what China could do to us that a bunch of ME characters who have to blow themselves up or steal our planes to do us damage. We are 'inspecting' them.

17 posted on 05/12/2007 12:33:19 PM PDT by ex-snook ("But above all things, truth beareth away the victory.")
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To: FrankR

they all ready have them .its all about MONEY


18 posted on 05/12/2007 12:36:49 PM PDT by freedomm2
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To: MNJohnnie; Abathar
Normally I agree with MNJohnnie - let's have free and fair trade with other free nations, and may the best competitor win. China is a little bit different however.

It's quite a bit worse than the simple trade imbalance i.e. subsidy for their stuff, tariffs on ours, Yuan devaluation. Of even more serious concern is that China is building up its military with that trade imbalance with equipment directly designed to take on our own units. We seem pretty oblivious to this threat.

19 posted on 05/12/2007 12:41:07 PM PDT by Lexinom (http://www.gohunter08.com)
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To: NaughtiusMaximus

Can’t use Google Earth because it does not play well with wireless networks, but on Google Maps none of the place names are marked within China. Why do you think that is?


20 posted on 05/12/2007 12:45:52 PM PDT by Lexinom (http://www.gohunter08.com)
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