An American firm is cashing on President Nixon's trip to Peking. In San Francisco, a?
An American firm is cashing on President Nixon's trip to Peking. In San Francisco, a small import business is currently riding the crest of the new Mao Tse-tung industry. The firm has cornered the market in tin lapel buttons of Chairman Mao, and since President Nixon's trip started, business has been booming.
The buttons are making a big profit. Badges are purchased from a Hong Kong business for five cents, and sold to a China-fixated American public at a dollar and fifty cents each.
SYNOPSIS: President Nixon's visit to the Chinese People's Republic has brought a rush of business to a San Francisco firm that has cornered the market in Mao buttons. Beneath pictures of Chairman Mao, workers are busy stamping "Made in China" on each button -- its already there in Chinese. The firm imported fifty-five thousand buttons from Hong Kong at five cents each, and has already sold fifteen-thousand -- at a cool capitalist profit of a dollar and fifty cents each.
Stamped buttons are stored away ready for a big sales campaign in major cities Now businessmen are wondering if the Chinese will import "I like Nixon" buttons to further cement Chinese-american relations.