Sunday, January 21, 2007

He's been at it 43 years, but C. Peter Theut would be the first to tell you he's never seen anything as exciting or frightening as the prospect of doing business in China. "The potential is enormous," said Theut (pronounced "TOIT"), who runs the international law department at Detroit's Butzel Long law firm and has been to China more than 50 times in the past eight years.

In China for the long haul Georgia-based firms keep an eye on U.S.-China trade talks as the deadline HED nears, but strong business ties aren't likely to be severed by possible sanctions.

Georgia-based companies doing business in China are looking beyond the trade talks going down to the wire this weekend and focusing on long- term opportunities in that emerging market of 1.2 billion people.If no deal is reached by Sunday, Washington has threatened sanctions against China for allowing companies to violate copyrights, trademarks and patents. China has said it would retaliate with its own sanctions.

China may seem far removed from the Northland, but the growing market power it exerts demands attention from even half a world away.Paul Solman, a business and economics correspondent with extensive experience covering China's emergence for ``The Newshour with Jim Lehrer,'' will appear in Duluth later next month as the keynote speaker at a daylong forum on this Asian country

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