Banker flags optimistic U S China trade outlook
Guy Mowbray Sayer of Hong Kong and Shanghai Banking Corp outlines chances for U S and China trade. He cites Shanghai as a major port, China’s oil potential, and demand for oil equipment, rail and shipbuilding as key future opportunities. He notes limited U S sales to China in 1974, with machinery making up 15 percent of exports.
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Foreign autos capture record share of U S market
Imported cars earned an 18.3 percent share of the 1975 U S auto market as the Big Four faced their lowest nonstrike year since 1962. Total U S sales reached 8.6 million, with imports at 1.6 million and VW dropping to second behind Toyota.
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