e result of these provisions are overseas contractual investments totaling $1.5 billion in the past five years, and income from the medical industry’s exports reaching 2.6 times the amount five years ago, according to Zheng Xiaoyu, director of the State Pharmaceutical Administration (moftec.gov). The pharmaceutical market’s growth is another example of the economic progress China has made. Even after accounting for all the economic benefits recognized by the world, the Chinese still come out as the country with the most gains. However, there are more motives behind China’s market reforms than just purely economic. On the political front, China is fast becoming an integral part of international organizations. The government is making a conscious effort to reenter GATT (General Agreement on Tariffs and Trade), realizing the importance of creating a favorable trading status among foreign nations. Slowing this progress, the 124 nations strong trade bloc has requested that numerous conditions must be met by China before the nation can become a member of GATT once again. Several of these provisions are the "elimination of import prohibitions, restrictive licensing requirements and other controls or restrictions; lifting of all restrictions on access to foreign exchange and full convertibility of the Chinese currency" (fmprc.gov). Other important key themes behind China’s Open Door policies are "economic and technological cooperation with the West" (fmprc.gov) and that China’s government no longer supports Third World revolution. Instead, China realizes that cooperation with developing countries would be far more practical. Although Chinese foreign policies is aimed at opening the nation’s economy to the world, it neglects the agricultural market almost entirely, with the exception of technical contracts. These contracts are designed to improve the transfer of technologies to improve crop yields. "Technical ...
