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1、PassageOne(ClintonIsRight)PresidentClinton’sdecisiononApr.8tosendChinesePremierZhuRongjipackingwithoutanagreementonChina’sentryintotheWorldTradeOrganizationseemedtobeamassivemiscalculation.ThePresidenttookadrubbingfrommuchofthepress,whichhadbreathlesslyreportedthatadeal
2、wasinthebag.TheCabinetandWhitHousestillappeareddivided,andbusinessleaderswerecharacterizedasfuriousoverthelostopportunity.ZhuchargedthatClintonlacked“thecourage”toreachanaccord.AndwhenClintonlatertelephonedtheangryZhutopledgearenewedeffortatnegotiations,thegesturewaswid
3、elyportrayedasaflip-flop.Infact,ClintonmadetherightdecisioninholdingoutforabetterWTOdeal.Alotmorehorsetradingisneededbeforeafinalagreementcanbereached.AndwithouttheAdministration’sgoalofa“bullet-proofagreement”thatbusinesslobbyistscanenthusiasticallyselltoaRepublicanCon
4、gress,thewholeprocesswillendupinpartisanacrimonythatcouldharmrelationswithChinaforyears.THEHARDPART.Manybusinesslobbyists,whiledisappointedthatthedealwasnotclosed,agreethatbettertermscanstillbehad.AndTreasurySecretaryRobertE.Rubin,NationalEconomicCouncilDirectorGeneB.Sp
5、erling,CommerceSecretaryWilliamM.Daley,andtoptradenegotiatorCharleneBarshefskyalladvisedClintonthatwhiletheChinesehadmadearemarkablenumberofconcessions,“we’renotthereyet,”accordingtoseniorofficials.NegotiatingwithZhuovertheremainingissuesmaybetheeasypart.AlthoughClinton
6、cansignalU.S.approvalforChina’sentryintotheWTOhimself,heneedsCongresstograntBeijingpermanentmost-favored-nationstatusaspartofabroadtradeaccord.AndthetemptationformeddlingonCapitalHillmayproveover-whelming.ZhuhadbarelylandedbeforeSenateMajorityLeaderTrentLott(R-Miss)decl
7、aredhimselfskepticalthatChinadeservedentryintotheWTO.AndSenatorsJesseA.Helms(R-N.C.)andEmestF.Hollings(D-S.C.)promisedtointroduceabillrequiringcongressionalapprovalofanydeal.Thehiddenmessagefromthesethreetextile-stateSoutherners:GetmoreprotectionfortheU.S.clothingindust
8、ry.Hopingtosmooththeway,theAdministrationtried,butfailed,tobudgeZhuontextiles.Alsoleftinthelurch:WallStreet,Ho
