The agreement schedules an end in 2005 to protectionist U. S. quotas on Chinese textile imports. Some among the U.S. rulers hope they can greatly extend the foothold of capitalist property relations in China. It could have a spillover effect but it may not. Those hoping to restore capitalism in the Eastern European workers states through the market alone have been sorely disappointed over the last decade. Working people in China will bear the brunt of layoffs that will follow any major new influx of capital.
Most workers are on leave and are called back only when there is work to do.
This will open China up to better and cheaper U.S. trucks. I don't believe we will survive. The Stalinist rulers in China fear the resistance that workers and peasants will mount to the mass layoffs that foreign investors will demand in their quest for profits. It is beefing up its military forces, including a new generation of missiles designed to give the Pentagon a first-strike nuclear capacity, to prepare for military confrontations with Beijing that it sees coming down the road. The leadership of the AFL-CIO national union federation pledged to campaign against the agreement.