EAST-WEST TRADE: China's Shopping Spree

Like every other Communist nation, the People's Republic of China has a practically endless shopping list of U.S. products that it would like to buy to help in its economic development. Ever since President Nixon's February visit unlocked the door for increased trade, the big question has been: What would Peking buy with its limited shopping funds? Last week U.S. businessmen got their first answer: a little food and a lot of jet planes.

The Agriculture Department revealed that China has contracted to purchase 15 million bushels of U.S. wheat worth some $30 million at current world prices. The order...

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