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The article speculates on the Chinese reaction to U.S. President Richard Nixon's announcement in April 1971 to lift the trade embargo and permit Americans to sell non-strategic consumer goods to China under general license. While Americans were not invited to exhibit at the Kwangchow, Canton Trade Fair, they are optimistic that Chinese trade officials will invite them to exhibit at the fall fair. It talks about indications that the Chinese are ready for more foreign trade, citing increased pressure on foreign businessmen to use renminbi in contracts. INSET: Peking puts no spin on table tennis sales.