China Trade

In 1980 neither citizens nor Chinese industry could afford most American imports, by 1985 there is evidence that the Chinese either have more money to spend or, have discovered new ways to acquire hard currency. In 1980 China remained helpless in its attempt to acquire American imports due to the lack of hard currency. China had found itself in a tough situation. According to Sheils, it wasn’t just the citizens that couldn’t afford a 60-cent Coke, …

…was just being introduced to the American stock market from the IBM Corporation and they seemed intrigued and eager to learn more (Altman 20). This was just a start to Chinas new beginning. Now that China had found its way into the scheme of things, the future had started to look optimistic. China had found their niche and all they had to do was keep expanding. China had successfully turned itself around at a necessary time.