U.S. TRADE WITH CHINA

Political Factors Affecting U.S.China Trade

The popular uprising in Beijing in 1989 and the PRC government's crushing of that uprising before the television cameras of the world led the Chinese government to temporarily suspend some of its economic readjustments, and to generally slow down the pace of economic reform in the country. For the most part, however, the PRC government wanted to continue its economic interaction with the west, and, as the events of the summer of 1989 were pushed out of the public mind in the west countries by the Gulf War of 1991, economic recession, and American and British general elections, the trading climate between the west and China returned generally to preTienamen conditions. By the fall of 1991, most western firms had overcome the fears induced by the suppression of the uprising, and were once again desirous of doing business with China.1

Concerns of the American government continued, however, to impede the development of U.S.Chinese trade. Generally, the Administration (first Bush and then Clinton) favored extension of most favored nation status for the PRC, while strong opposition to that designation for the PRC existed in the Congress. Through

1R. F. De Voe, "The Lure of the Chinese Mark

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w rules does not exist in the PRC. The law governing the formation and operation of joint venture operations is quite detailed. Additionally, Chinese commercial law provides for formal arbitration in the event of dispute between parties in a business transaction. The official Chinese position, however, is that such disputes should be settled through informal consultation whenever possible. Often, the consultation results in changed terms in future contracts, as opposed to some form of compensation on existing contracts. The PRC also provides both patent protection and trademark copyrights. Patents will be neither granted nor recognized, however, on foods, beverages, flavorings, pharmaceutical products, chemical substances, animal varieties, or plant varieties. Processes used in the production of such goods, however, may be patented. Trademark copyrights similar to those granted in the western industrialized countries are provided in the PRC. Trademark copyright protection is provided for a 10year period, and they may be renewed in 10year increments. Chinese Export Opportunities for American Manufacturers Most western business entities tend view the foreign trade potential of China in the context of the country's
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Approximate Word count = 2218
Approximate Pages = 9 (250 words per page)

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