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Bowing To Business


International Outlook: Global Wrapup

BOWING TO BUSINESS

President Clinton's efforts to win back business support go beyond retooling his domestic proposals. His decision to renew China's most-favored-nation trade status--a significant softening of his campaign stand on human rights--is the result of heavy lobbying by American companies. They are petrified of losing access to the fast-growing Chinese market. In Japan policy, the White House is mulling a major expansion of its Advisory Committee on Trade Policy Negotiations. The quasi-official group of CEOs, which includes Ralph S. Larsen of Johnson & Johnson and Lawrence A. Bossidy of AlliedSignal Inc., was the first strong voice to urge that Clinton set numerical targets in trade talks with Japan.


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