August 30, 2001 |
With a government undercover agent playing the role of a nervous arms dealer, the Customs Service arrested two U.S.-based businessmen--including the owner of a Compton freight company--on suspicion of conspiring to smuggle high-tech military code devices to China, the agency said Wednesday.
August 8, 2001 |
The Chinese government sent a team to the U.S. to buy Boeing Co. aircraft, one week after officials said the country would accelerate plans to purchase planes. The officials plan to buy about $2 billion worth of Boeing planes on their trip, said Wang Zhezhao, a spokesman for Shandong Airlines Co. Shandong Air has plans to buy two Boeing 737s of its own through a share sale in China.
August 5, 2001 |
It should have been Qualcomm Inc.'s time for celebration. One of China's leading telecom firms recently signed $1.5 billion in contracts for equipment using the San Diego firm's wireless standard. That move by China Unicom is the most positive sign yet that Qualcomm's code division multiple access technology--known as CDMA--has a profitable future in China, which has an exploding mobile phone market now dominated by Europe's competing GSM system. The current success has been a long time coming.
July 29, 2001 |
Marjorie Yang is ready for Asia's future. As head of a high-end textiles business strung across China and four other countries, she will save time and money once Beijing loosens its grip and allows entrepreneurs like her to freely move goods around the country. "It's going to benefit everyone doing business in China," she said.
June 6, 2001 |
The new U.S. trade representative met here Tuesday with his Chinese counterpart for the first time, raising hopes that both sides were ready to accelerate China's entry into the World Trade Organization. But no breakthrough came after initial talks between Robert B. Zoellick, the highest-ranking Bush administration official to visit China, and Foreign Trade Minister Shi Guangsheng.
June 4, 2001 |
Three years ago, Republicans in Congress launched a ferocious attack on President Clinton for approving the export of satellites to China in a way they said harmed America's security. Now, with a Republican in the White House and a satellite industry complaining of lost business, Washington is singing a different tune. Amid the furor of the late 1990s, the Republican Congress enacted legislation making it harder for companies to win government approval of satellite exports.