From Deseret News archives:
Patience stressed in trade with China
"Don't be too hasty to sign a contract before you get to know people," Cheng Si-wei, vice chairman of the National People's Congress, said during a nearly hourlong meeting held in the imposing Great Hall of the People just west of Tiananmen Square.
Seated next to Gov. Jon Huntsman Jr. in the massive building's Tibetan Room and surrounded by huge murals of the disputed mountain region, Cheng said Utah businesses should not be discouraged if some of their efforts in China fail.
"You need some patience to talk to people and to look around to the whole situation," he said after focusing much of his formal presentation on the trade imbalance between China and the United States.
The setting, as well as Cheng's ranking in the communist government, clearly had an impact on representatives of the 19 businesses and institutions of higher learning participating in the governor's weeklong trade mission to China.
Horman, who hopes to attract Chinese tourists to Utah's national parks and other outdoor attractions, said later that just being able to say he spoke with the legislative leader will help. "I'm learning. There's so much importance placed on who you've met with and who you know," he said. "It goes a long way."
Zions Bank executive vice president George Hofmann said after the meeting that the Chinese "are seemingly very aggressive" about further trade with the United States. "You just feel the opportunity in this country."
Cheng, who spoke mostly through a translator, detailed the difficulties China is facing in attempting to import as much as it exports from the United States. He raised questions about how the trade imbalance is being calculated.
His bottom line, though, was that boosting trade with states like Utah is a preferable alternative to seeing the issue politicized further. "There are no winners in a trade war," Cheng said.
Cheng is the most senior Chinese official the governor will meet with on this trade mission. But several Utahns got a surprisingly close glimpse of Chinese President Hu Jintao within the walls of the Great Hall. Hu, trailed by an entourage of aides, appeared not to notice the delegation as he strode briskly by.
Comments
- Late credit card payments drop in Q3 1:36 p.m.
- Study says basketball refs biased 1:13 p.m.
- Sanford faces 37 ethics charges 1:03 p.m.
- Woman killed in fall identified 1:00 p.m.
- October sales gains lift hopes 12:58 p.m.
- Home and garden news and notes 12:58 p.m.
- Ungrateful teen in your house? 12:54 p.m.
- Every Mon. Matters: Be neighborly 12:52 p.m.
- New offerings from past winners 12:50 p.m.
- Make a pilgrim to celebrate season 12:46 p.m.
- Buttars wants to limit gay rights laws
212 - Glenn Beck to enter politics?
206 - RSL wins MLS Cup on penalty kicks
181 - Palin plans tour stop in Utah
178 - BYU records with win
132 - Palin's book shows she's unqualified
129 - Officer cleared in Cardall Taser case
103 - BYU cuts Women's Research Inst.
102 - Jazz finally win in San Antonio
99 - Bronco, Kyle rubber match
94
Utah's only Pottery Barn at Trolley Square, 600 S. 700 East, has...
A little after midnight Wednesday morning, about 21 hours ago as I write...
To summerize all the soccer hater comments "Blah, Blah, Blah, My life stinks"
Okay, I think its ridiculous how people get on these comment blogs and say...
when the chips are down to try raising the food tax but come up with excuses...
My purse is no more nasty and filthy and full of objectionable and disgusting...
BON JOVI!
Dude, it's "bowl" games, not "bowel" games. A "bowl" is a round object...
12:29 p.m You make it sound like I mis-represented what happend at the GL...
If you didnt see this show, you missed out! Some of the sickest fights I have...
BYU players have NO PASSION for winning and it all starts with their head...
Following Graduation in 1980 the USA was in the largest depression since the...



You can be the first to comment on this story.