Open Door Policy in Modern China
After World War II, China's position as a sovereign state was recognized, and all special concessions and unequal treaties were abolished. However, with the rise to power of the Communist Party of China, the Open Door Policy was rejected until 1978 when Deng Xiaoping, under his new capitalist-inclined system that promoted market forces, committed China to adopting policies which promote foreign trade and economic investment. Since the late-1970s, the term "Open Door Policy" has also been used by the People's Republic of China as one justification for its demands that nations not provide diplomatic recognition to the Republic of China / (Taiwan).
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