From the AP:
WASHINGTON — On the eve of high-level economic talks between the United States and China, the Chinese government on Monday signed a number of business agreements with major U.S. companies underscoring China’s rising economic clout.
Actually, we think the underscoring is the business to be done.
Obviously there’s an element of scene-setting here, the signing of agreements to provide a sense of goodwill during the meetings of the U.S.-China Strategic Economic Dialogue meetings in Annapolis. And all for the good… AFP says $13.6 billion worth.
* SED. Uggh. That was the acronym for the East German Communists, the Socialist Unity Party (Sozialistische Einheitspartei Deutschlands).
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