Nixon eases commerce limits with China lifts locomotive rules
In New York AP reports liberalized regulations on trade with Communist China signaling a warmer stance. President Nixon eased commerce restrictions placing China on a trade status equal to the Soviet Union, lifting limits on locomotives and construction equipment.
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Trade rules loosened for American firms feeding China
The Federal Reserve reports January industrial output at 107.9 percent, up 0.3 percent. The President broadened overseas affiliate authority, allowing sales of strategic goods to China with host country approval rather than U.S. Treasury permission. Prior liberalizations targeted China trade.
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