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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 178.29

-1.6%

Dec 12 9:30 AM EST

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To: Ruffian who wrote (82816)	10/10/2000 1:00:05 AM
From: SKIP PAUL	of 152472

Clinton to sign China trade Bill Tuesday WASHINGTON PRESIDENT Bill Clinton will sign landmark legislation on Tuesday granting permanent normal trade relations to China, the White House said on Monday. The bill is to be signed at a White House ceremony attended by House and Senate Republican leaders and top Democratic supporters of the measure, White House spokeswoman Nanda Chitre said. The trade Bill will end the 20-year-old annual ritual of reviewing China's trade status and guarantee Chinese goods the same low-tariff access to the US market as products from nearly every other nation. In exchange for the benefits, China agreed to open a wide range of markets from agriculture to telecommunications under the terms of an agreement aimed at clearing the way for Beijing to join the World Trade Organisation. The measure was passed by the US House of Representatives in May, over the fierce opposition of many labor and environmental allies in Clinton's Democratic Party, and was passed by the Senate in September. The Bill had yet to be formally sent to the White House as of Monday afternoon. But a White House official said, "We have been guaranteed we will have the Bill." The speaker of the House, Republican Dennis Hastert, and Senate Republican Leader Trent Lott are scheduled to attend the ceremony. New York Democratic Sen. Daniel Patrick Moynihan and Democratic Rep. Charles Rangel are also due to attend. - Reuters

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