Kissinger's monumental blunder

The visit to China by Henry Kissinger and Richard Nixon from February 21 to 28, 1972, gradually led to US support for China’s economic revival. The US granted the most-favoured nation status to China bilaterally and this privilege was renewed annually. By 1984, the US was China’s largest trading partner. Almost two decades later, the US did not block China’s entry into the World Trade Organisation in December 2001. Surprisingly, the US was content with obtaining circumscribed entry to the Chinese economy for its banking, insurance and telecommunications firms. Over the next t.....

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