From the Los Angeles Times (link):
Chinese officials hoping to ease trade tensions before President Hu Jintao‘s upcoming visit to Washington are kicking off a coast-to-coast buying spree today in Los Angeles that will include $15 billion in orders for U.S. electronics goods, airplanes, auto parts, farm goods and other products.
Although the new bookings will benefit many big names in industry, particularly in California, analysts were quick to express their skepticism about the Chinese trade mission. They characterized the super-sized shopping extravaganza ” the largest ever for a Chinese trade mission ” as a not-so-subtle effort to win over Americans without addressing the significant issues of the ballooning U.S.-China trade imbalance, piracy and China’s currency policy.
