GINGRICH RELENTS ON TRADE TEST FOR CHINA.Byline: Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Acquiescing to the urgings of Hong Kong's democratic leaders, House Speaker Newt Gingrich pulled back Sunday on a proposal to link favored trade status with China to its behavior toward Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . Gingrich, who acknowledged he is emerging from a ``very painful'' period in his political career, also said on NBC's ``Meet the Press'' that he had considered resigning from the speakership when his ethic eth·ic n. 1. a. A set of principles of right conduct. b. A theory or a system of moral values: "An ethic of service is at war with a craving for gain" problems reached a peak last winter. And he defended the balanced budget Balanced budget A budget in which the income equals expenditure. See: budget. balanced budget A budget in which the expenditures incurred during a given period are matched by revenues. deal reached with the White House, chiding conservatives who say it compromises their principles. In about a month, Congress must take up President Clinton's expected decision to extend to China for another year normal trading status that ensures low tariffs This is a list of tariffs and trade legislation:
Gingrich, reflecting congressional concern about political rights in Hong Kong after the British colony reverts to Chinese control on July 1, has supported two proposals - either to put off a vote until this fall to give China a chance to show its good intentions or extend the trade status for only three or six months until the situation in Hong Kong is clearer. |
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