U.S.-China Trade Relations

Paper Summary:

This paper discusses the trade patterns between the United States and China throughout the years. The paper examines the history of China as a government, particularly as a political and economic power in the Asian region. The paper explains that the history of trade between the two countries can be traced best through three periods in history, which may also be identified as the three phases of China's establishment and development of trade relations with the United States. These phases are explored in the paper and include early trade relations between the two countries in the first century AD, the period after the collapse of the Socialist experiment in Asia, and the integration of China into the world market.

From the Paper:

"The first phase involves early trade relations between the two countries in the first century AD, a period wherein the barter system was in operation. During this period, US has yet to be known as an independent nation, and was simply referred to as the Americas. Trade between China and the Americas simply involved the exchange of essential goods that each country had-China with its supply of silk, gun powder, and porcelain, and the Americas with its staple foodstuffs. In this phase, trade was in its crudest form, and would be hampered with the increasing level of isolation that China had imposed upon itself through the coming years. Thus, after the first phase, trade relations between the two countries lagged, and eventually became non-existent, especially with the development of China in the early- and mid-20th century as a Communist country."

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