Alexander Eckstein
Essay
Oct
1975
In June 1971, a month before Henry Kissinger's secret trip to Peking, the United States lifted the trade and payments embargo that had been in effect on the Chinese People's Republic ever since 1949. The move followed a number of lesser measures of relaxation taken from 1969 onward, and of course set the stage for the Kissinger visit and President Nixon's trip in February 1972. In the Shanghai Communiqué, the two nations agreed "to facilitate the progressive development of trade between their two countries."
Essay
Jul
1964
Communist China's drive for major power status-an urge to narrow the gap between herself and the two superpowers-has been the central objective of her campaign for economic development. In pursuit of this goal, Chinese planners have concentrated on expanding as rapidly as possible the country's capacity to produce capital goods and military matériel. For this purpose, a mechanism for institutionalizing a high rate of involuntary saving and for channeling it into the desired lines of investment had to be fashioned.
