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Home > News > Mixed picture as U.S. trade mission to China ends

May 21st, 2010

Mixed picture as U.S. trade mission to China ends

Abstract:
U.S. business executives wrapping up a clean energy trade mission to China on Friday hinted at potential big sales in the world's hottest market for renewables and fuel-saving technology.
But U.S. Commerce Secretary Gary Locke, who headed the delegation, offered his harshest critique yet of a Chinese policy Washington fears could push some U.S. companies out of the market, calling it "a dangerous precedent".

Tim Tangredi, chief executive of Dais Analytic Corp, said he made a $15 million sale of one of his company's nanotechnology devices that allows heating, ventilating and air conditioning systems to operate with less energy.

"They are absolutely hungry for new technology. They want to be considered leading edge," he said.

Source:
forexyard.com

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