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Chinese US relations refer to international relation between the United States and
the peoples republic of china. China and United States, where each nation regards
each other as a potential adversary as well as a strategic partner, has been
described by world readers and academicians as the worlds most important
bilateral relations of the century.
As of 2014, the United States has the worlds largest economy and china the second
largest. China united States relations have generally been stable with some
periods of open conflict, currently, china and the United States have mutual,
political, economic and security interests, including, but not limited to, the
prevention of terrorism and the proliferation of nuclear weapons. China remains the
largest foreign creditor to the United States.
The American china development company, founded in 1895 by j.p Morgan and
Andrew Carnegie sought to provide the American capital and management that
would generate a rapid industrialization of china. It started building the hankow
canton railroad to link central and southern china. It only managed to finish 30 miles
of line. On the whole, the American dream getting rich by investing in china selling
to hundreds o millions of Chinese was almost always a failure.
China and we resumed trade relations in 1972 and 1973; direct investment by the
US in main land china covers a wide range of manufacturing sectors, several large
projects, restaurants chains and petrochemicals. We companies have entered
agreements establishing more than 20,000 equity joint ventures, contractual joint
ventures, and wholly foreign owned enterprises in mainland china.
US import valuation over counts china: there has been a shift of low end assembly
industries to mainland china from newly industrialized countries in Asia. Mainland
china has increasingly become the last link in a long chain of value added
production. In September 2009, a trade dispute emerged between Chinese and US,
which came after the US imposed 35 percent on Chinese tire imports. The Chinese
commerce minister accused the US of a grave act of trade protectionism.
In 2003, the United States declared that despite some positive momentum that year
and greater signs that the peoples republic of china was willing to engage with the
US. And others on human rights, there was still serious backsliding. China has
acknowledged in principle the importance of protection of human rights and has
claimed to have taken steps to bring its own human rights practices into conformity
with international norms.
China is Australia's biggest trading partner mainly due to China's strong demand for
iron ore, coal and liquefied natural gas. Exports to China helped Australia escape
the worst effects of the global economic meltdown over the past two years. Many
major Australian mining companies rely heavily on China and other growing big
economies such as India for exports. These companies include Fortes cue Metals
Group, Rio Tinto, BHP Billiton and Xstrata who have major Australian operations.
China exports mainly clothing, telecommunications equipment and components,
computers, toys, prams and sporting equipment. The bilateral trade between the
two countries is worth A$105 billion in 2010/2011. Australia's exports to China
totaled A$64.8 billion, while China's export to Australia was worth A$41.1 billion in
20102011 periods.
Initially fears of Chinese investment in the resource sector similar to the sentiments
on Japanese investments in Australia in the 1980s, but that has somewhat heated
up and dissipated depending on the investments which were scrutinized by the
Foreign Investment Review Board and politicians. Australia is focused on
investments which have a win in situations with participation of local companys
participation and jobs growth. Australia has been a vital source of the high
technology needed for China to enforce its claims to vast reaches of the western
Pacific, including the base technology for the design of the boat. On 8 April 2013,
Australian Prime Minister Julia Gillard announced the deal that the Australian dollar
is set to become only the third currency after the US dollar and the Japanese Yen to
trade directly with the Chinese Yuan during a trip to Shanghai.