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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (56882)	12/4/2004 2:00:46 AM
From: elmatador	Read Replies (2) of 74559

This brights my day! Germans hoping for €1bn deals with China German companies are hoping to sign contracts worth well over €1bn next week when Gerhard Schröder, the chancellor, visits China on his sixth official trip to Asia's fastest-growing economy. An aide to Mr Schröder said yesterday final work was under way on the sale to Air China of 23 Airbus aircraft, a deal that would be worth up to €1bn ($1.33bn, £690m). Siemens, the engineering group, had already secured a €360m deal on the sale of 180 locomotives. Other large contracts are being finalised. ... "Let us be clear," a senior adviser to the chancellor said. "There are human rights deficiencies in China, from freedom of opinion to minority rights and the death sentence. These will be discussed as they have in the past, even if they are not mentioned at the final press conference. Now picture that, Jay! Germans saying: "Look either you improve your humans right record or we won't sell you any of those airplanes. Go buy them from Boeing! And no single gas turbine for Siemens will enter the China if these deaths sentences continues to be passed! Go procure power gear from G.E, Mistubishy Heavy Industries or the South Koreans!!!

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