Shanghai has been a popular search topic here in China this week, as discussions have been taking place surrounding the 45th anniversary of the signing of the “Shanghai Communique,” which helped pave the way for diplomatic ties between China and the United States.
February 28th saw the Chinese and US governments at the time jointly publish the Shanghai Communique in 1972, capping off the unprecedented trip by late US President Richard Nixon to China.
Since signing the agreement at the Jinjiang Hotel in Shanghai four-and-a-half decades ago, ties between China and the US have become intertwined at almost every conceivable level.
“We’re seeing more and more Americans employed by either multinational or Chinese companies to work in Shanghai, and also more and more Americans are married to Chinese citizens, and they now live in Shanghai,” said Wu Xinbo, Director of the Center for American Studies at Fudan University in Shanghai.
45 years of diplomatic engagement have also led to stronger social ties.
In today’s China, it’s not uncommon to see families such as that of David Nealis, an American, and his Chinese wife Jing..
They were married ten years ago and are now raising their son in Shanghai.
Jing Nealis believes the city itself is loaded with opportunities for both her and her husband.
“Shanghai is a city filled with excitement, energy and opportunities. So when we made the decision to live in China, we both agreed that Shanghai is the city to live in,” said Jing.
David is a trader on the global capital markets and among a growing number of US financial professionals that are becoming more and more engaged in the Chinese market.
“I hope that I’ve contributed to some of the growth here in educating people who are really great at the local market, but international market is a little new. I look forward to the markets opening up here someday for international traders to come in. I think that will be very exciting,” said Nealis, pointing out that Shanghai, considered the financial center of China, has been a great fit for him professionally.
While the US and China remain economically linked, tensions do occur.
Jing Nealis works for a Chinese solar energy company.
That industry has seen its exports to the US drop by some 30% through last year, with the industry pointing the finger at anti-dumping tariffs currently being imposed by US regulators.
“Unfortunately my industry is already in a trade tension. The U.S. already has anti-dumping (tariffs) against China,” Jing added.
Despite the ups and downs in the relationship, David Nealis says he expects bilateral ties between China and the US to remain stable.
“The two countries are married, just like we are. When the United States and China realize that, you know, we are in a relationship together, and we really need to work together to be successful, I think we are gonna get along a little better,” he noted. – CRI
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