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Latest Business News

China Rewards EU With More Business

Tuesday, September 06, 2005 2:22:54 PM
By STEPHANIE HOO

BEIJING (AP) - European leaders came to China this week saying they wanted to lift an arms embargo and settle a textile trade dispute. They left with new business — including orders for 10 Airbus airliners — and a promise of more deals to come.

Contrast that with U.S.-China relations, which are bedeviled by a canceled presidential meeting, an unsolved textile dispute, and American fears that China's rise could harm regional security and threaten world oil supplies.

China is finding it a lot easier to deal with Europe than with Washington, a major trading partner but also the source of disputes over everything from Taiwan and human rights to product piracy and how Beijing sets the value of its currency.


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