Dissertation > History, geography > History of China > Semi-colonial and semi -feudal society ( 1840 to 1949 ) > New Democratic Revolution Period (1919 ~ 1949 ) > Anti-Japanese War (1937 ~ 1945 )

On U.S.-China Economic Relations during the Anti-Japanese War

Author YangShuJie
Tutor YuZhaoXing
School Zhengzhou University
Course Economic History
Keywords Anti-Japanese War Economic Relations U.S.-China Relations Trade Investment
CLC K265
Type Master's thesis
Year 2010
Downloads 127
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U.S.-China relations during the Anti-Japanese War have always been the scholars’hot issue, such as political, diplomatic and military relations, but scholars concern the U.S.-China economic relations in this period very less, and more focused on the U.S. aid to China. A comprehensive and systematic analysis of the development of U.S.-China economic relations and probing into the whole picture of U.S.-China economic relations during the Anti-Japanese War can not only have a better understanding of the history of U.S.-China economic relations, but also reference the past history of U.S.-China relations. This paper takes a tentative exploration on the U.S.-China economic relations including the U.S. aid to China, U.S.-China trade, U.S. investment in China and so on. Taking time as the main line, this paper is divided into three parts:Firstly, Economic Relations Overview before the Outbreak of the Anti-Japanese War. The United States and China began to establish trade relations after the U.S. merchant ship "Empress of China" voyaged to China in 1784. The trade relations had been through a tortuous course with the evolution of the relationship between the two countries over a hundred years before the outbreak of the war. Thirties in the twentieth century, U.S.-China economic relations were governed both by the United States’M.F.N. principle and the high tariff policy. Whether U.S.-China trade relations or the U.S. investment in China was basically an upward trend, and the United States’ investment in China lagged behind its trade with China, which good condition was broken until the "Marco Polo Bridge Incident".Secondly, the United States’Economic Assistance and U.S.-China Trade in Pre-war(1937.7-1941.5). The main feature of U.S.-China economic relations in this period was the U.S. economic aid to China, which was mainly achieved though five times to China loan:"The Tung Oil Loan", "Huaxi Loan", "Tungsten Loan", " Metal Borrowing", "Stabilization Fund Agreement". These loans provided a certain amount of material security for the victory of the war, and in addition, was beneficial to the United States’economic and military interests. On the U.S.-China trade, the United States had always been dominant in the major countries’export of commodities to China("Kuomingtang-controlled areas").Thirdly, "Lease Aid" of the United States to China and U.S.-China Trade in Wartime(1941.5-1945). It was an important turning point in the history of U.S.-China relations in 1941. The "Lease Aid" began in May 1941, and the United States became China’s "arsenal" and "rear", and the first time in history the two countries formed a fact ally. Leased material assistance to China had played a progressive role of justice on the Chinese people against Japanese invaders in the course of the anti-fascist aggression. The United States became China’s (except "occupied areas") main export countries. On U.S. investment in China, loans to China ranked first in big countries, and the time had been replaced by the United States when many big countries dominated China’s investment market in the pre-war. After the war, the United States was not only exclusive on China’s commodity market, but also the monopoly of China’s investment market. Until the Chinese people’s liberation war’s victory, the U.S. trade and investment industry in China fell into trouble.Finally, the Conclusion. During the wartime, between the United States and China was a new type of economic relations. The United States penetrated depth in China’s economy step by step, and the situation under control appeared. After the war, the United States as China’s most important trading partner, eventually monopolized China’s investment market and commodity market.

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