30th ANNUAL INTERMODAL - Tael and Retail: US-China economic relations
By: George Lauriat | Sep 25 2005 at 08:00 PM | Channel(s): Intermodal International Trade
In dynastic China a Tael was a measure of currency. Historically, the economic ideal was to retain wealth by exporting goods and importing as little as possible. There was no sense of economic partnership. Eventually, this approach didn’t work out for Chi
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