TABLE A-8.-CHINA: COMMODITY COMPOSITION OF IMPORTS, C.I.F., BY END USE 1 Data are reconstructed from various issues of CIA, "People's Republic of China: International Trade Handbook." and from CIA, NFAC, "China: Real Trends in Trade with Non-Communist Countries Since 1970," October 1977. Commodities were distributed according to the end-use categories designated in the latter publication. Data are rounded to the nearest $5,000,000. TABLE A-9.-CHINA: CONTRACTS FOR WHOLE PLANT IMPORTS TABLE A-9.-CHINA: CONTRACTS FOR WHOLE PLANT IMPORTS-Continued Sources: Central Intelligence Agency, Research Aid, "People's Republic of China: International Trade Handbook" Washington, D.C., October 1976, table 11, and CIA, National Foreign Assessment Center, "China: International Trace, 1976-77", Washington, D.C., November 1977, table 11. TABLE A-10.-CHINA: FOREIGN DEBT POSITION, 1970-76 1 All data are estimates based on contract terms, delivery schedules, and trade statistics and are rounded to the nearest $5,000,000. 26- to 18-mo credits for grain, for Japanese fertilizer in 1970 and for Japanese steel in 1975. Estimated at 8 percent per annum 1970-74, 10 percent 1975-76. 45-yr credits for complete plant purchases. TABLE A-11.-CHINA: FINANCIAL BALANCE WITH NON-COMMUNIST COUNTRIES, 1970-76 1 Net total of estimated transport costs, overseas remittances, downpayments for plants, and foreign aid. From table A-10, principal and interest. From table A-10, includes short-term and medium-term supplier credits. Since 1975, trade has continued to be an active element in the Sino-American relationship. The absence of normalized relations, however, and the unresolved nature of the linked claims and assets issues, the continued tariff discrimination, and the inability of the PRC to utilize Export-Import Bank facilities should they wish to do so, have all hampered the fuller development of trade and commerce. Despite these constraints, trade will grow in 1978 and the increased exchange of trade delegations augurs well for further development of the commercial relationship as called for by the Shanghai communique. During his term in office, President Ford reconfirmed U.S. support of the Shanghai communique and normalization of relations. He traveled to Peking in December 1975. In February 1977, President Carter affirmed the new administration's support of the communique and the desirability of normalization. In pursuit of this objective, the President sent Secretary Vance to Peking in August 1977. |