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The article reports on how the task of watching China can affect the decisions of the U.S. government in April 1966. According to China specialists, the U.S. policy toward China was too rigid and recommends that the U.S. must not isolate China even while containing it. The author adds that 198 scholars in Asia and China signed a letter criticizing U.S. policy. The difficulties involved in watching China, its progress in providing its own arms and its nuclear weapons capability are also discussed.

The article focuses on the trade difficulties experienced by China in the U.S. in 1937 due to the demands raised by Japan regarding rights and powers. Topics discussed include China's nearly 1 billion U.S. dollar-worth of foreign loan obligations in different countries including the U.S., Great Britain, and France, the possibility of Japan controlling all ports and communication including Manchuria, and the effects of the trade disputes to Chinese economy.

The article reports on the interest of China in engaging in foreign trade with the U.S. in 1972. In February, an executive of a commodity company in the U.S. had a meeting with Bank of China officials about trade. On June 10, 1971, U.S. President Richard M. Nixon decided to lift the ban on trade with China.