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Discusses the dispute over copyright piracy between the United States and China. Copyright piracy as a potential threat to all US industries; $1.1 billion US sanctions against China; Chinese retaliatory measures including tariffs on American-made products and suspension of joint venture talks with US auto companies; China's mercantilist industrial policies.

The article discusses the growing U.S. trade deficit with China. The rising U.S. imports of Chinese-made goods is expected to widen U.S. trade deficit with China to 27.7% in 1994. The U.S. economic growth and the rise in consumer spending explain the high demand for Chinese products. The role of foreign companies in the increasing sophistication of China's exports are also highlighted.

Reports on President Bill Clinton's policy linking China's most-favored-nation (MFN) trade status to its human rights record. Clinton's readiness to end his policy; Chinese Communist Party's continued political crackdown; Purchasing campaign by the Chinese; Pressure to renew MFN from American companies; Hopes that Chinese leaders will come across with concessions to make MFN renewal possible.

The article reports on the attempt of China to join the World Trade Organization (WTO) which will be launched on January 1, 1995. However, the U.S. had been opposing the entry of China in WTO unless the latter agrees to abide by the international rules imposed by the organization. American officials stressed that China must commit in protecting copyrights, eradicate high local-content requirements, and make customs rules and contracts understandable to foreign firms.

Reports on US Secretary of Commerce Ron Brown's commercial diplomacy mission to Beijing, Shanghai, Guangzhou in China and Hong Kong on August 26, 1994. Delegates in the trip; Worth of contracts for American companies at stake.

Evaluates the policy of President Bill Clinton regarding trade and other matters involving China. Renewal of China's most-favored-nation (MFN) trade status; MFN as leverage for human rights bargaining with China; China's treatment of political prisoners; Trade and intellectual property; Security; Status of Taiwan and Hongkong.