China As Most Favored Nation Essay examples

Today’s China is the most populous country in the world and is so one of the most important political and economical forces in the world.

The relationship between the United States and China would prove crucial for one side in the future. In 1941, Japan went to war with the U.S. because of embargoes put on oil. One of the reasons for the embargoes was that Japan had violated the Open Door Policy. Japan would later be defeated in 1945. Unfortunately, in 1949, China had a civil war, in which the communists were victorious. The communists ended all special privileges to foreigners and made the Open Door Policy meaningless

Back then we werent very good friends with China but time goes on and more oppurtonities come.Today America has created a law in which it will open a door for china. This policy began in (1899,1900)for the protection of equal privileges among countries trading with China and in support of Chinese territorial and administrative integrity.The crisis in China coincided with several major developments in the United States. A new interest in foreign markets had emerged there following the economic depression of the 1890s. The United States also had just gained the Philippines, Guam, and Hawaii as a result of the Spanish-American War and was becoming increasingly interested in China, where American textile manufacturers had found markets for cheap cotton goods.

Chinese trade is important to the United States in that we receive most of our imports from China.

Japan, however, isn’t the sole country of the Eastern Asia region that’s facing economic conflicts with the U.S. The United States suffers a similar foreign trade issue with China as it does with Japan, just on a much lager scale. Despite the $481.8 million that the U.S. spends on Chinese products, it only receives $116.1 million in terms of Chinese purchases of American products, thereby leaving the US with an approximately $365.7 million undesirable trade imbalance. Another issue concerning the United States and China is China’s remarkable economic growth in the past number of decades, averaging at about 7.9% since 1980, which poses it as a large threat to the

National interest outlines the goals or objectives of foreign policy and is used as an all-embracing concept to justify policy preferences and actions. These commonly guide the interactions that occur in the global political arena. China’s key national interests consist of economic development, secession and territorial integrity, creating a harmonious society and a peaceful rise within the international community. The People’s Republic of China is widely believed to be the world’s next superpower by 2030 so the pursuit of these national interests is important in maintaining their strong economy to help

Prior to World War II the relationship between the United States and China was neutral, and the two countries did not face a major change until the dispute between the Nationalists and Communists in the 1940’s. Initially, the United States tried to refrain from politically interfering too much in the Chinese Civil War between the Nationalists and Communists. Although this was the case, the U.S. began to

Spanning over the last few decades, China’s economic rise seems nothing short of a phenomenon. The country has flourished – growing from being impoverished to what is now the world’s second largest economy. Many analysts describe this massive rise in such a short time span as “one of the greatest economic success stories in modern times.” (SOURCE) As China’s gross domestic product (GDP) rapidly escalates, Western countries are in fear of China soon becoming the world’s largest economy. However, with the help of penetrating evidence, the myth of China as being a threat to the United States’ economy is debunked in Peter Nolan’s Is China Buying the World?. Published in 2012, Nolan, an international expert on China’s economy, analyzes China as

While there are some irritants in China-U.S relation, there are also many stabilizing factors. The PRC and the U.S are major trade partners and have common interest in the prevention and suppression of terrorism and preventing nuclear proliferation. China is also the foreign creditor; China’s challenges and difficulties are mainly

The United States, especially, has been concerned with China's treatment of political dissidents. In May, President Clinton decided to end linking China's trade status with the United States with its record on human rights. China is fully aware of United States' concerns about its human rights record. Given the fact that the United States has made it clear to China that that record will be allied with trade status, China's timing of such restrictive activities has caused United States legislators and administrators to question China's sincerity in its desire to have a favored trade status with the United States. China appears not to understand or to be able to follow through on fundamental modern economic practices. Even on a day to day basis, China's economic leaders seem unable to understand how some aspects of a market economy work. It is no wonder that Chinese investors become anxious about their investments. The issuance of shares in the Shandong Huaneng Power Development Company also demonstrates the lack of expertise on the part of the Chinese in the modern world market. Certainly, one thing that the CCP has attempted to do is create a market economy while retaining a state controlled system. The lack of a private capital market has handicapped

The United States of America and China have a complex relationship that has been created through years of interaction. There have been times of great trade and trust between the countries but there has also been great tension. Today America and China trade freely between each other. However, the countries do not completely trust one another due to their opposing views on foreign policy and ideology. These past incidents have created an odd combination of opinions in China and the United States. In my opinion, the economic freedom between the states is stable, but the political scene is unclear and unbalanced.

Concerning Human Capital, the Obama Administration has also pressed hard to improve the human rights issues in China in terms of economic policies to benefit workers and their family situations. Historically, having the highest population at a staggering figure of over $1.3 billion people, the human labor supply is more than available at any given moment. Thus, United States especially has outsourced countless manufacturing companies and jobs to China. This reality the President clearly stated will not change anytime in the future so this must be an accepted reality. (Ivaneishvili 2012) So, the Obama administration has sharply criticized China for their lack of enforcement and laws to deal with such violations. But, this criticism as the State Department states applies to the United States as well, but the United States has laws to deal with this issues so the criticism is being put in a way not to outfight offend Chinese policies but to encourage an increase in the priority of the Chinese government to follow up actions to remedy the situation (Berg 2012). The State Department also applauded China for the actions that China already has taken to ensure better working

Numerous myths encompass the financial connection between the United States and China. Four, specifically, emerge, and it is essential to recognize them as myths to maintain a strategic distance from misconceptions that could antagonistically impact strategy choices. The way that China has turned into the biggest remote holder of U.S. government securities is taken as demonstrating that the United States is intensely reliant on China to fund its spending shortages. Also, since China is a noteworthy hotspot for U.S. imports, U.S. customers are viewed as subject to modest Chinese merchandise. Moreover, the Chinese experts have underscored that they emphatically oppose outside weights to endeavor to impact arrangement choices and that

China joined the World Trade Organization (WTO), which greatly contributed to the development of Sino-US economic and trade relations. In 2003, China became the third largest trading partner of the

China has seen unprecedented economics expansion through the last decade. This has helped the country build important infrastructure such as roads, ports and airport that are vital to importation. Furthermore, the accession of China to the WTO in 2001 can be seen as door to china has opened to the world. This has resulted in the adoption of unilateral trade regulation of the 90s. As a result, China trade and investment regulation is more transparent and predictable; overall, access to China has been facilitated ever since. This has made the country number one exporter to the US and as according to the ONS release of January 2014, China is second exporter to the UK. This shows that China has potential for foreign investment. However, China still remains a communist country with heavy restriction in area such as that of the Internet and communication and its labour law is still heavily criticise.