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Newspaper
Cameron Herald
Location
Cameron, Texas, United States of America
Date
Oct 26, 1972
Page
2
China opens to the world with a 750 million population, yet barriers persist. Western sales rise in some sectors, but imports outpace consumer goods as China prioritizes advanced technology to close the gap with the West. Trade remains selective, balancing imports and exports to keep the books even.
After Nixons Peking trip in February China bought a $1 million Shanghai ground station and ordered a second in Peking as U S goods sales rise. Hawker Siddeley and Boeing clinched large China deals while Canton fairs show China leaning on exports. Japan eyes credits and expanded trade as Chinese transactions move in weeks rather than days.
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