China's approach to world trade unsettling

Laws, Forrest
June 2005
Southeast Farm Press;6/1/2005, Vol. 32 Issue 15, p5
Trade Publication
The article focuses on the China's default of payments in the international business markets. Soybean-crushing plants in China face closings this year because exporters are requiring them to pay in advance for their soybeans. The U.S. cotton merchants reportedly are trying to resolve contract disputes that occurred last year when Chinese textile mills began to realize they had purchased more cotton than they could use. If members of the new Chinese entrepreneurial class can not be made to follow international trading rules and the rules of human decency, this could turn into a nightmare for the rest of the world.


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