From Business Week:
Hoping to ease tensions raised by the massive trade imbalance dividing two of the world’s economic powers, China has periodically come to the United States on so-called “buying missions” to demonstrate the country’s willingness to import more goods and services.
China kicked off its latest campaign Wednesday in San Francisco with a commitment to buy $4.3 billion in U.S. technology.
The event’s timing spurred immediate skepticism about the sincerity of China’s efforts to narrow a trade gap that has tormented the U.S. for years. In two weeks, government leaders will begin talks in Washington on the United States’ $232 billion trade deficit with China and other prickly issues. [Full text]