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The pattern of china’s foreign trade has changed substantially since the founding of the People’s Republic.During the 1950s China exported agricultural products to the USSR and East European countries in return for manufactured goods and the capital equired for the country’s industrialisation programme which placed emphasis on the development of heavy industry.The Great Leap Forward of 1985-59 initially produced gains in agricultural and industrial production ,but subsequently resulted in serious economic imbalances.Economic problems were exacerbated by three bad harvests(1959-61)with the result that national nicome and the volume of foreign trade contracted during 1960-62.
The withdrawal of Soviet economic and technical aid in the early—1960s caused trade to shift away from the USSR and its Comencon partners towards Japan and Western Europe,A consistent theme of China’s foreign trade polices has been the strong emphasis which has been palced on develpong trade relations with the Third World countries.
The growth of foreign trade was disrupted again during the Cultural Revolution (1966-76)when agricultural and industrial production fell sharply and transportation constraints became more serious . Mbt walking shoes
Foreign trade,which has a major role in the Four Modernisations programme.has grown rapidly over the past few years.A major tarde agreement with Japan ,under which China export coal and oil in return for industrial equipment and technology,was sihned in February 1978.China also signed a long-term trade agreement with the EEC in 1978 while trade with the USA has incerased rapidly in the wake of the normalisation of diplomatic relations at the beginning of 1979.The Sino-USA agreement on trade relations .which came into force in February 1980.accords China most-favoured-nation treatment..Mbt Lami Mbt Sport
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