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Du Pont Welcomes Passage of PNTR by U.S. House
Chairman and Chief Executive Officer Charles O. Holliday of the Du Pont Corporation of the United States said Thursday that passage of the bill granting China Permanent Normal Trade Relations (PNTR) status by the U.S. House of Representatives will further promote economic relations between the two countries.
In a news briefing, Holliday said the passage of the bill is a win-win deal, and that his company has long been supportive of granting China PNTR status.
Du Pont has invested a total of 500 million U.S. dollars in China in the field of biochemicals, according to Holliday, and its revenue in 1999 in China increased by 62 percent over the previous year.
He said that his company intends to make new investments in China in agricultural seeds and soybean processing.
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