This report looks at how economic reforms and trade liberalization that began in 1979 has lead to China blossoming into one of the world's fastest growing economies. The report surveys the rise of China's economy; describes major economic challenges facing China; and discusses the challenges, opportunities, and implications of China's economic rise for the United States.

Front: Text describes action on various war fronts: France ; Marianas ; Biak ; Japan ; Italy ; Eastern Front ; China ; Southeast Asia. Maps: [Eastern Hemisphere] ; Italy ; Liberated Area of France ; Karelian Isthmus ; [American Advance on Saipan]. Back: Map of the Far East, copyright, National Geographic Society, used by special permission. Scale [ca. 1:10,000,000]. "International Boundaries as of Sept. 1, 1939, the day Germany invaded Poland." Transverse Polyconic Projection.

Chinese officials and opinion leaders claim that recent U.S. actions contrary to the interests of the People's Republic of China (PRC) have convinced the Beijing regime that the U.S. Government is determined to do what it can to weaken and hold back China's growing power. Dismissing evidence of often fractious debate over China policy in the United States, Beijing leaders are said to see a consensus among policymakers in the The United States that is directed at working against China's emerging strength and influence in world affairs. The U.S. specialists are unsure if Chinese leaders are misguided but sincere in their views, or if Chinese leaders are using anti-U.S. themes for tactical advantage in boosting their political standing at home, in seeking concessions from the United States, or as a defensive strategy to deflect criticism of Chinese actions seen by many international experts as bordering on irresponsible. Regardless of Chinese motives, some Americans urge that the United States make concessions and take steps to reassure Beijing of U.S. intentions and restore the wide range of U.S.-China contacts cut off as a result of U.S.-Chinese friction in recent weeks. Other Americans judge that U.S. interests would be better served by a …

Script from the WBAP-TV/NBC station in Fort Worth, Texas, relating a news story about five hundred bales of cotton which bound for china have been destroyed in Galveston in the fourth of a series of unexplained fires in the Port city.