Agreement on Trade Relations Between the United States and the People’s Republic of China

These hearings are interesting not only for the wealth of detail on U.S. trade with China; they also include the divergent views of Senators Jackson and Stevenson on the question of "evenhandedness" between the Soviet Union and the PRC; some acute insights into the present chaos of our foreign trade policies vis-à-vis communist countries; and the testimony of Commerce Department experts that the Chinese could have 100 billion barrels of oil reserves, roughly half offshore. This is as much as Iran has.