Nixon's Visit to China Breaks the Ice in US-China Relations
US President Nixon visited China, met with Chinese leaders including Zhou Enlai, and issued the Sino-US Joint Communiqué, marking the breaking of ice in relations between the two countries.
US President Nixon visited China, met with Chinese leaders including Zhou Enlai, and issued the Sino-US Joint Communiqué, marking the breaking of ice in relations between the two countries.
In 1972, while mired in the Vietnam War, Nixon visited China in search of an achievement; his original intention in engaging with the CCP was to change China. However, in his interactions with the CCP, the Nixon administration gradually deviated from the goal of changing China, shifting instead to emphasizing "seeking common ground while reserving differences." To exchange for the CCP's assistance on the Vietnam issue, he promised concessions on the Taiwan issue, such as troop withdrawals and the establishment of diplomatic relations. This shift in strategy is considered a case of the CCP playing the US, rather than the US changing the CCP.
Institutional funds concentrated their buying in about 50 blue-chip growth stocks. In 1972, the average P/E ratio of this batch of "Nifty Fifty" stocks on the Morgan Trust list was 41.9 times, while the S&P 500 stood at 18.9 times, roughly 2.2 times the latter.
During President Nixon's visit to China, First Lady Pat Nixon remarked to Zhou Enlai that pandas were adorable. Zhou immediately promised to gift two pandas, initiating US-China panda diplomacy.
During his visit to China, Nixon toasted with Zhou Enlai at the Great Hall of the People in Beijing; the wine used was later served at White House state dinners.
Against the backdrop of the Cold War, the UN General Assembly passed Resolution 2758, deciding that the People's Republic of China would replace the Republic of China in the UN seat representing China. This resolution contains serious legal flaws in both procedure and substance, and it does not mention the sovereign status of Taiwan. It has since become the primary basis for the CCP to suppress Taiwan's international participation.
In June 1971, the United States lifted its strategic embargo on China, one of a series of policy decisions aimed at improving relations with China.
In 1971, the UN General Assembly adopted Resolution 2758, recognizing the seat of the People's Republic of China in the United Nations as well as its seat as a permanent member of the Security Council, and removing the representation of the Chiang Kai-shek clique. The United States had originally held that expelling a member state required a two-thirds majority, but failed to prevent the resolution because Britain argued that only a simple majority was needed.
Lin Biao, the successor handpicked by Mao Zedong, was accused of staging a coup and died in 1971 in a plane crash shrouded in mystery while flying to Moscow.
In 1970, Zhu Rongji was assigned to a May 7 Cadre School with extremely poor conditions to work full-time raising pigs, from the age of 42 to 47, a period of five years.