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posted by takyon on Saturday May 13 2017, @08:46PM   Printer-friendly
from the General-Tso's-or-kung-pao? dept.

The South China Morning Post reports that China and the United States have agreed on an arrangement for trade between the two countries to be liberalised.

US credit rating services, electronic payment services and bond underwriting business are now all allowed in Chinese market.

[...] Under this agreement, China will accept beef from the US into the Chinese market, effectively ending the 14-year ban on American beef after an outbreak of mad-cow disease in [the] US in 2003.

Reciprocally, [the] US will allow Chinese cooked chicken to [be sold] in the American market.

The deal also provides for Chinese banks to operate in the United States, and for liquefied natural gas from the United States to be sold in China.


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  • (Score: 3, Interesting) by c0lo on Saturday May 13 2017, @11:38PM

    by c0lo (156) Subscriber Badge on Saturday May 13 2017, @11:38PM (#509287) Journal

    TFA quotes:

    The agreement also gives the green light for US biotechnological products to export into China.

    Yay, Monsanto

    China’s natural gas consumption growth, pegged at 5.4 per cent a year, outstrips domestic production.

    The share of imported gas in the nation’s total consumption of the energy source may rise to nearly 40 per cent by 2035, up from 30 per cent in 2015, according to the 2017 BP Energy Outlook report.
    ...
    The expansion of the Panama Canal last year allows the waterway to accommodate giant tankers that carry LNG between continents. It makes shipments of the chilled fuel to China feasible for LNG projects underway on the east coast of the US.
    ...
    The Energy Department has already authorised the shipment of 19.2 billion cubic feet per day of natural gas exports to China and other interested countries.

    Faster, baby, frack me faster.

    Beijing will allow US-owned card payment services to begin the licensing process in a sector where China’s UnionPay system has had a near monopoly.

    Maybe AMEX will start to mean something somewhere else than US

    China will allow US companies to do bond underwriting business in China.

    Last time, it didn't ended well. A word of warning, though, China is not shy to throw [dailytelegraph.com.au]company officers [wikipedia.org] in jail [google.com].

    US will facilitate the entrance of Chinese banks into the US banking market.

    Build the American dream with Chinese loans

    --
    https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
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