Bearing witness to its active interest in developing foreign trade and investment, the People's Republic of China (P.R.C.) signed at least fifty bilateral and multilateral trade, economic, and scientific agreements between 1978 and 1980. These agreements are consistent with the guidelines of the P.R.C.'s current trade policy:
With an effort exerted on the basis of self-reliance for realizing the four modernizations it is a long-lasting strategic task and also an unswerving and important policy of our government to take what is the best in foreign countries, to develop foreign trade, to import advanced technology, to utilize foreign investment and to expand foreign economic cooperation and technological exchange.
The Resolution of Transnational Commercial Disputes in the People's Republic of China: A Guide for U.S. Practitioners,
Yale J. Int'l L.
Available at: http://digitalcommons.law.yale.edu/yjil/vol8/iss2/5