Shanghai's Heavy Equipment firm has signed a contract in New York City to sell cranes to an American company in the amount of RMB 0.6 billion. Both parties were pleased to have such agreement for mutual benefit. The cranes are going to be delivered in 2012. The law of comparative advantage is implemented for Sino-American economics in action as I envision in the years to come.
Francis Shieh aka Xie Shihao watching economic happenings to validate the substance of bi-lateral trade relations.
Saturday, January 23, 2010 at 5.42 a.m.