U.S. firms may refurbish some Chinese factories.
The accord signed this week by Commerce Secretary Malcolm Baldrige and his Chinese counterpart, Zheng Tuobin, allows U.S. firms to refurbish some 400,000 outmoded machine shops, foundries, textile mills and fiber optics plants in China. Baldrige, on a four-day visit to Peking, also approved a project in which U.S. computer firms will set up a center in the port city of Dalian to teach computer maintenance and repair to Chinese technicians.
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