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  • truth_in_government truth_in_government Jan 18, 2013 8:18 PM Flag

    The liberal New York Times November 19, 1989

    "Our Government hoped the American presence would turn China into a sturdy, semicapitalist counterpoise to the Soviet Union. (When President Ronald Reagan went to China in 1984, he called it ''this so-called Communist country.'') All of them had their dreams, but they were very different dreams, as the case of Beijing Jeep - the company formed in the 1983 deal by which American Motors and the Beijing Automotive Works would jointly build Jeeps in China - makes clear."

    ......

    "It was the first, and the biggest, manufacturing venture by an American company in China and, the author says, ''the one most regularly visited by political leaders such as then Vice President George Bush and then Communist Party General Secretary Zhao Ziyang.'' The Jeep was a product the Chinese truly needed; American Motors was in dire shape and needed every sale Beijing Jeep could generate. Yet the joint venture was in trouble from the start and would have ceased if the Chinese had not given American Motors very sweet financial incentives to keep it going."

    I guess there wasn't enough money coming in from sales of Hawk missle batteries to Iran.

 
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