More than 40 years ago China and the United States engaged in “ping pong diplomacy”, ea
sing the tensions between the two countries ever since the founding of New China in 1949.
With the People’s Republic of China retaining its rightful seat in the Un
ited Nations Security Council in 1971 and its international status continuously imp
roving, it had become apparent that the US policy to contain New China would be fruitless.
The US, on the other hand, was mired in the Vietnam War, which was sapping its national po
wer. So the US administration realized it should establish friendly relations with China in order to end the w
ar. Against this background, on Jan 1, 1979, the two countries formally established diplomatic relations.
But even before it established diplomatic relations with the US, China launched reform and opening-up in late 1978. As the leade
r of the Western world, the US played the dominant role in the global economy, as well as the technology, invest
ment, finance and other fields, with which China had to integrate to ensure its economic development.