U.S. immigration policy toward the People's Republic of China bloc. In February 1950, after months of hard bargaining, China and the Soviet Union signed the Treaty of Friendship, Alliance, and Mutual Assistance, valid until 1980. Many Americans were at a loss of what to do in regards to foreign policy concerning mainland China. The debate which took place in the United States as a result of the removal of the Kuomintang and Chiang Kai-shek to the island of Taiwan centered on Republican charges that the Democrats "lost" China. "Without question, the critics had by early 1949 convinced many Americans that Truman was, shockingly, abandoning China, China being equivalent with
Economy of Taiwan new economic landscape, and as an island economy with lack of natural resources and comparatively lower domestic aggregate demand, Taiwan's highly educated human resources would contribute greatly to Value added Innovation management for expanding Taiwan's international trade. Taiwan has transformed itself from a recipient of U.S. aid in the 1950s and early 1960s to an aid donor and major foreign investor, with investments primarily centered in Asia. Private Taiwanese investment in mainland China is estimated to total in excess of US$150 billion, and official tallies cite Taiwan as having invested a comparable amount in Southeast Asia. Taiwan has historically benefited