October 29, 2009

China and USA Grow Closer on Trade and Investment

The 20th US-China Joint Commission on Commerce and Trade concluded a vibrant two-day summit in Hangzhou with significant agreement on several areas of growing trade and investment and some serious-sounding lip service on traditional disagreements such as intellectual property.

In attendance was ethnic Chinese US Commerce Secretary Locke, Trade Rep Ron Kirk, the new US Ambassador to China Jon Huntsman, and many others from the Obama administration and mandarins from a wide range of Beijing's bureaucracies. Advances include:
All of the above is good news and represents a lot of potential positive business opportunities for Americans. As the dragon and Uncle Sam hug tighter will Europe be left out? Time will tell....

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