ommittee of the House Ways and Means Committee, anticipating the 1995 Presidential extension of the waiver, on May 23, 1995, held a hearing on the U.S.-China trade relations and renewal of Chinas MFN status. The extension itself, without additional conditions, took place on June 2, 1995, by Presidential Determination 95-23 (60 FR 31047; H.Doc. 104-82) and was followed by the introduction of resolutions disapproving the extension (H.J.Res. 96 and S.J.Res. 37). H.J.Res. 96 was reported adversely (H.Rept. 104-188), considered under a rule (H.Res.139;H.Rept. 104-194) and tabled July 20, 1995, by a yea-and-nay vote of the House (321-107). This action precluded the enactment of the companion measure (S.J. Res. 37)(7, pg. 4 paragraph #3).China is a country that has been victimized by foreigners many different times throughout history. It was not until the twentieth century that China started to recover some degree of self-government, and independence. Many believe that China will become more like the western countries, meaning more materialistic, non-ideological, and this will result in a freer culture and politics. China is currently emerging as a great power, and a potential rival to the U.S. in the Pacific Ocean. It is felt they are trying to replace the U.S. as the dominant power in Asia, meaning the U.S. is seen as a chief obstacle to its own strategic ambitions. This can be seen as an attempt of China to account for centuries of humiliating weakness, and establishing China as a center for a global civilization. This is feared because this will challenge U.S. global supremacy. What is the U.S. so afraid of? Is it, that the county with a fifth of the worlds population is trying to become the worlds second biggest superpower? In 1994 President bill Clinton renewed Chinas most favored nation trading status, this guaranteed Chinas privileged access to U.S. markets. Currently many U.S. companies do business in China making huge...
