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China’s Surging Trade Sparks Debate Over Payments
China’s foreign trade has shifted from a cautious, cash-based balance to a rapid import surge led by Western jetliners and mining equipment. U.S. sales are expected to reach about 500 million dollars as China seeks a tech-led leap forward while fearing Soviet threats. Observers warn a sustained deficit hinges on export volume and capacity.
MENTIONED IN THIS ARTICLE
China
United States
Britain
France
Japan
Europe
U. S
Peking
Soviet Union
Inessmen
Canton