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China Agrees to Measures to Ease Trade

Michael Wines and Annie Lowrey, New York Times
May 4, 2012
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Chinese and U.S. leaders said Friday that they had made important progress on a range of economic issues at their annual bilateral meeting, with Prime Minister Wen Jiabao of China saying the areas of agreement had included “some important breakthroughs.”
 
The comments came as a senior U.S. official, speaking on condition of anonymity, said that the Chinese had agreed to remove what U.S. officials say are unfair subsidies and favorable regulations affecting state-owned corporations and to allow foreigners to take bigger stakes in Chinese securities firms.
 
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