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GOOD: Christmas Made in China
Made China
When did American companies start to have things made in China?
I was born in the 80s so I always remember things saying Made in China.
Also what countries were action figures made from back in the day?
1950-1970: The Korean war freezes all U.S.-China trade and travel — a state of affairs that lasts for two decades.
1971: U.S. Secretary of State Henry Kissinger makes a secret visit to China, laying the groundwork for resumption of U.S.-China trade within the decade. Chinese and U.S. resistance to bilateral trade starts thawing. The U.S. trade embargo against China is loosened to the same conditions imposed on trade with the Soviet Union. Bilateral trade starts growing (from zero).
1972: U.S. President Richard Nixon makes a landmark visit to China and signs the Shanghai Communique, kick-starting work toward normalization of diplomatic ties
1979: Washington and Beijing reestablish formal diplomatic relations. Bilateral trade hits a cumulative $2.4 billion since 1971. A three-year U.S.-China Trade Relations Agreement is signed, awarding both sides most-favored-nation status.
1980: The first Special Economic Zones open up in China, offering preferential treatment for U.S. and foreign investors. China returns to the World Bank and International Monetary Fund.
1984: U.S. President Ronald Reagan visits China and signs an agreement to eliminate dual taxation and ban tax-evasion. Beijing launches a program of economic reforms, opening itself up economically to the world.
1988: Exports to the United States make up one quarter of China’s total $40 billion in exports.
1989: Broad U.S. sanctions are imposed on China subsequent to the Tiananmen Square incident, including a ban on all U.S. financing of China-related projects and an embargo on all exports to Chinese military and police entities.
1992: Deng Xiaoping rejuvenates China’s sputtering economic reforms (and hence a favorable foreign investor environment) by making a tour of southern China — where most economic experimentation was concentrated.
1994: The first of many high-profile intellectual property rights (IPR) disputes breaks out between the United States and China. The dispute is resolved two years later.
1997: Hong Kong is returned from British colonial to Chinese mainland rule. The next decade sees the former colony continuing to function as a financial and legal gateway into China for foreign investors.
1999: U.S. President Bill Clinton pledges support for China’s application to join the World Trade Organization during Chinese premier Zhu Ronji’s April visit to the United States. A bilateral trade agreement is signed in November.
2001: China joins the World Trade Organization. The United states assigns Permanent Normal Trade Relations (PNTR) to China so that Normal Trade Partner status no longer has to be approved each year by Congress — sparing U.S. investors in China one major source of uncertainty.
2002: Foreign-funded banks are allowed to handle Yuan-denominated transactions in select Chinese cities for first time. China becomes the fastest growing market for U.S. exports.
More here:
http://www.stratfor.com/analysis/u_s_china_trade_timeline_1784_2008
Everything is made in China - Sleepwalking
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