China’s foreign trade policy

Abstract

China’s maxim of trusting in its own strength may well be the vital clue to an understanding of its foreign trade policy. In the fifties two-thirds of the Chinese foreign trade was conducted with Comecon states, above all the Soviet Union. After the break with the Kremlin Peking decided on a widely diversified, multilateral policy for its foreign trade. “To make foreign things serve China” became the motto.