New Life for an Ancient Dream

The U.S. and China open the door to more trade

Visions of riches have drawn Americans to China ever since the first U.S. ship arrived in Canton precisely 200 years ago this summer. Last week that ancient quest continued. Led by Treasury Secretary Donald Regan, a 34-member delegation journeyed to Peking in hopes of boosting commerce with the world's most populous country. Said William Clarke, the Peking-based representative of the privately run National Council for U.S.-China Trade: "The mood is good. This should be the crunch year in China trade."

Although American products ranging from corn to computers are now being sold in...

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