Posted: May 26, 2014 2:17 PM
Updated: May 26, 2014 2:17 PM
WASHINGTON (AP) China's accused of trying to steal trade secrets from U.S. businesses, but for many U.S. companies China's vast market remains an irresistible source of business.
Even some companies China is accused of victimizing by computer hacking have little incentive to cheer any trade rupture with China. Westinghouse is building four nuclear reactors in China. Specialty steelmaker Allegheny Technologies operates a joint venture in Shanghai. Alcoa's the biggest foreign investor in China's aluminum market.
And frictions between two countries can encourage closer ties. U.S.-Japan trade battles, for example, led Japanese automakers to build plants in America in the 1980s and 1990s. Now, China's Tianjin Pipe is building a $1 billion factory in Gregory, Texas a decision it made after the U.S. imposed sanctions on pipes made in China.