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To: ezmoney who wrote (794)	5/14/1999 9:58:00 PM
From: Gene Reardon	Respond to of 1567

AOL Business news U.S., China trade talks remain in doubt By Donna Smith WASHINGTON, May 14 (Reuters) - Trade talks between the United States and China remained in doubt on Friday after President Bill Clinton raised the subject in a telephone conversation with President Jiang Zemin. Clinton called Jiang to apologize personally for NATO's mistaken bombing of the Chinese Embassy in Belgrade and told him during the 30-minute conversation that both sides needed to continue working on a trade deal that would clear the way for China to join the World Trade Organization (WTO), the White House said. But U.S. Trade Representative Charlene Barshefsky said no plans had been made to resume the talks. Negotiations that had been planned for next week in Beijing were put on hold after the bombing, which killed three Chinese journalists, sparked days of angry protests against Americans in Beijing. "We don't yet have any specific plans to meet with the Chinese next week," Barshefsky said during a telephone news conference. "I do think the Chinese wish to remain engaged on WTO and indeed wish to re-engage, but we will have to work out a specific time frame." U.S. officials have said they are waiting for a green light from China to send Assistant U.S. Trade Representative Robert Cassidy to Beijing for further negotiations. U.S. officials are eager to resume the negotiations in hopes of completing a deal by the end of May so that Congress can take an early vote on granting permanent trade privileges to China when it joins the WTO, which oversees global trade rules. Lawmakers have to vote on whether to renew China's Most Favored Nation (MFN), or Normal Trade Relations (NTR) as it is now called, for another year by the end of July. Supporters of a WTO trade agreement with China had hoped the issue of granting China permanent NTR when it joins the WTO could be dealt with at the same time as the annual renewal debate. Otherwise Congress will face two difficult votes on the issue and many supporters worry that Congress may not have time for a second vote on China's permanent trade status later this year. Most analysts expect an uphill battle to win congressional backing for China's WTO entry because of concerns about human rights abuses and allegations that Beijing stole U.S. nuclear weapons secrets. Supporters of improving trade ties with China are also concerned that China's fury over the embassy bombing will spill over to the WTO trade deal. They are worried Beijing will try to roll back many of the market-opening concessions made during Premier Zhu Rongji's visit to Washington last month. A letter to Clinton signed by Sen. Max Baucus, a Montana Democrat, and more than two dozen Democratic and Republican senators, said the agreement should move forward without any backsliding on commitments already made.

To: ezmoney who wrote (794)	5/17/1999 4:42:00 PM
From: Lynn Goodman	Read Replies (2) \| Respond to of 1567

Re Imot news ezmoney (or anyone who would like to respond): I thought that the PR was good news until someone pointed out to me that for a company with their balance sheet, a $1M private placement looks a lot like a liability. On reflection, I have to say that that was very persuasive logic. What thoughts do you have on this company? I bought Imot a while back and although the stock has died, I don't see anything different about the prospects of the company than existed 2 or 3 months ago (other than the PP). I bought all of these stocks because of the China/internet potential (also long Zsun, Xnet) and I haven't heard that the population of China has decreased lately. My general inclination is to hold them all for investment rather than to trade, but I would love to hear someone else's opinion about it. Thanks, Lynn