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Since Mao's death China has greatly strengthened its contacts with Western industrialized states. This year the People's Republic has concluded trade agreements with Japan and the European Community, amongst others. All these activities suggest that China's economic policy is set on a new course.
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The European summit in Dublin has shown that any further European integration will be determined in great measure by agreement on the financing of future Community budgets and by the EC’s expenditure policy. This article shows how the political controversy about the Community’s budget...
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