... in financial implications that have proven to be costly and will continue to have adverse effects on the nation's resources. The purpose of this paper is to analyze the Chinese-American relationship in terms of trade and economic policies. It will examine key issues involving the economic and social histories of both nations, trade practices, and the political and social environment of the U.S. and China. The conclusion of this paper will present pertinent policies initiatives that would greatly enhance the competitive positioning of the U.S. in relation to trade and business China. These initiatives which will be supported by empirical information, and current data. HISTORY: II The middle of the 20th century constituted the major beginnings of the on and off modern day economic relationship between the United States and China. In 1947, the Republic of China was an original contracting party of the General Agreement on Tariffs and Trade (GATT). ...

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