Historical Retrospection of Sino-USSR Trade Sino-R.S.S.R trade started even before the establishment of the Peoples Republic of China. In August 1946, the Chinese Communist Party Northeast Bureau reached an agreement with the Soviet Union to exchange clothes, medicine and other daily necessities with foodstuff. At the end of the year, a small-scale trade began. The trade relation between China and USSR had experienced great changes since the establishment of the Peoples Republic of China. From the moment in 1949 to the disintegration of the USSR in 1991, there are several stages in the development of the Sino-USSR trade relation: the golden times in the 50s, the decline in the 60s, the stagnation in the 60s and the rapid growth in the 80s.1. The golden times in the 1950s The1950s is the period that Sino-USSR trade grew quickly. In the second day after the Peoples Republic of China announced her establishment (October 2,1949) , the Soviet government officially admitted the Chinese government and established an ambassadorial diplomatic relations with china. In April 19,1950, the two governments signed the first trade agreement The Trade Agreement Between The Peoples Republic Of China Government and The Union Of Soviet Socialist Republics Government. It was the first trade agreement that China signed with a foreign country. It established a solid foundation for the development of the trade between the two countries. In 1957 and 1958, another two agreement was signed. They included items about transportation and most-favored-treatment clause in economics. They had great meanings in promoting the economic and trade relations between China and USSR The large-scale economic cooperation between China and USSR brought the quick growth of the trade amount between the two countries. In 1950, the total Sino-R.S.S.R trade amount was 3338.4 million dollars and ranked first in the foreign trade partners of the China. In 1955, the total tra...
