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A low point in Sino-US trade

When government investigators raided Microsoft offices in four Chinese cities on Monday, it underlined the increasingly dire prospects for US technology companies in China.

The Seattle-Beijing connection had for years symbolised the easy-going symbiosis between US tech companies and their largest future market. When Microsoft founder Bill Gates travelled to Beijing in 2003 he was given the reception of a head of state. In 2006 Hu Jintao and his wife dined at the Gates family home during a visit to the US.

“To go from that to this is a long way down,” said Duncan Clark, chairman of BDA China, a Beijing-based technology consultancy.

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