Word: americans
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Dates: during 1980-1980
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...Sino-American trade exhibits
...Exchange Commission is now looking for signs that the fast-money crowd is moving in again. Some signals of rampant speculation are already present. The SEC has under way a number of inquiries about irregularities in the new issues market. It asked a federal court in Denver to order American...
Commerce between the two nations is still relatively small. China sent the U.S. $1 billion in goods this year, while the U.S. shipped $3.5 billion to China. In contrast, American exports to Taiwan, which is about one-fiftieth the size of China, amounted to $3 billion in just the first eight months of this year. While businessmen and bureaucrats have been eying products and exchanging visiting cards at the shows, the traveling exhibit has so far resulted in disappointingly low sales...
Last month 240 American companies went to Peking to promote their products in the fields of transportation, drilling, power generation, agriculture and the manufacture of consumer goods. Although some 200,000 Chinese visited the exhibition, many American businessmen complained that they were not the high-ranking bureaucrats they had expected. Sales made at the show were a small $21 million, and contracts for $3.8 million more were under negotiation at the close of the fair. Grumman International, for example, displayed buses, fire engines and light aluminum trucks, but it received no orders. Said Burt Stern, Grumman's senior vice...
...American businessmen, however, have been less enthusiastic about products other than handicrafts. More than 4,500 buyers representing 2,646 firms showed up at the various stops, but they have been slow to place orders. Said John Krafft, assistant vice president of the international banking office of San Francisco's Bank of America: "I wasn't overly impressed with the range and quality of products that were shown. I expected to see more light industrial exhibits, a step up from the handicrafts that everybody knows about. The Chinese definitely need a great deal of education...