The One-Chinapolicy (Traditional Chinese: 一個中國; Simplified Chinese: 一个中国; pinyin: yī gè Zhōngguó) is the principle that there is one China and that mainland China, Tibet, Hong Kong, Macao, Xinjiang and Taiwan are all part of that China.
In the case of the United States, the One-Chinapolicy was first stated in the Shanghai Communiqué of 1972: "the United States acknowledges that Chinese on either side of the Taiwan Strait maintain there is but one China and that Taiwan is a part of China.
The acknowledgement of the One Chinapolicy is also a prerequisite by the People's Republic of China government for any cross-strait dialogue be held with groups from Taiwan.
As China’s population urbanizes and as the country has moved into the construction phase of development, building hundreds of thousands of factories and high-rise apartment and office buildings, steel consumption has climbed to levels not seen in any other country.
China is now importing vast quantities of grain, soybeans, iron ore, aluminum, copper, platinum, potash, oil and natural gas, forest products for lumber and paper, and the cotton needed for its world-dominating textile industry.
China’s eclipse of the United States as a consumer nation should be seen as another milestone along the path of its evolution as a world economic leader.
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