Trade with China

December 5, 1980

Report Outline
The Developing China Trade
Long U.S. Interest in China
Trade Outlook for the 1980s
Special Focus

The Developing China Trade

Common Interests But Current Wariness

Visions of a lucrative China market are once again playing on the fancy of American businessmen. Since the full restoration of U.S.-China diplomatic relations in January 1979, trade between the two countries has almost quadrupled, approaching $4 billion this year. Chinese and U.S. officials are signing trade and exchange agreements by the dozen, and events are unfolding at dizzying speed as if to compensate for the 30-year break in relations.

The honeymoon may be short-lived, however. American businessmen are discovering that doing business with China requires much time and patience while the Chinese fear that the political atmosphere may not be so congenial with Ronald Reagan in the White House. Peking has greeted Reagan's election with caution because of his pro-Taiwan stand. Reagan, a longtime supporter of Taiwan, opposed severing formal diplomatic ties with that government as part of the normalization of relations with Peking.

Although he has retreated from the position that the United States should restore formal diplomatic relations with Taiwan, Peking's wariness has been reflected by recent statements. “It is our hope,” Vice Premier Deng Xiaoping said in a recent interview, “that during the presidency of Mr. Reagan the Sino-U.S. relation will develop more, not just mark time or retrogress….”

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Sep. 13, 1967  Burma and Red China
Mar. 15, 1967  Hong Kong and Macao: Windows into China
Apr. 27, 1966  China and the West
Nov. 25, 1964  Relations With Red China
Oct. 05, 1960  Russia and Red China
Mar. 18, 1959  Red China's Communes
Oct. 22, 1958  Overseas Chinese
Jul. 24, 1957  China Policy
Apr. 24, 1957  Passport Policy
Feb. 16, 1955  Problem of Formosa
Sep. 15, 1954  Red China and the United Nations
Apr. 28, 1953  Status of Red China
Apr. 03, 1953  War in Indo-China
Mar. 13, 1952  Chinese-Soviet Relations
Jun. 20, 1951  Blockades and Embargoes
Aug. 29, 1950  Formosa Policy
Mar. 09, 1950  Aid to Indo-China
Nov. 24, 1948  China's Civil War
Aug. 06, 1945  Government of China
Feb. 17, 1945  Development of China
Jun. 07, 1943  Oriental Exclusion
Oct. 26, 1936  Chino-Japanese Relations
Jan. 02, 1928  The Position and Problems of Chinese Nationalism
Apr. 15, 1927  Foreign Intervention in China
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Dec. 18, 1925  Extraterritoriality in China
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BROWSE RELATED TOPICS:
Bilateral and Regional Trade
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