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The Open Door Policy (Chinese: 門戶開放政策) is the United States diplomatic policy established in the late 19th and early 20th century that called for a system of equal trade and investment and to guarantee the territorial integrity of Qing China.
At the same time, in December 1978, Deng announced a new policy, the Open Door Policy, to open the door to foreign businesses that wanted to set up in China. [37] [38] For the first time since the Kuomintang era, the country was opened to foreign investment.
To prevent the "carving of China like a melon", as the European powers were doing in Africa at the time, the U.S. Secretary of State John Hay created the Open Door Policy that called for a system of equal trade and investment and to guarantee the territorial integrity of Qing China, and circulated a note known as the "Open Door Note" (dated ...
[25]: 132–133 It received support from China's Ministry of Commerce and the Export-Import Bank of China. [25]: 132 As of March 2020, the Sihanoukville Special Economic Zone had 174 factories employing more than 30,000 people. [25]: 133 The RIP is China's largest industrial cluster and manufacturing export area in Thailand.
United States Secretary of State John Hay, the driving force behind the Open Door policy.. The Nine-Power Treaty (Kyūkakoku Jōyaku (Japanese: 九カ国条約)) or Nine-Power Agreement (Chinese: 九國公約; pinyin: jiǔ guó gōngyuē) was a 1922 treaty affirming the sovereignty and territorial integrity of the Republic of China as per the Open Door Policy.
The Open Door Policy was the priority of Secretary of State John Hay towards China, as he sought to keep open trade and equal trade opportunities in China for all countries. In practice, Britain agreed but the Empire of Japan and the Russian Empire kept their zones closed.
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Nevertheless, Britain and the United States forced Japan to drop the fifth set of demands that would have given Japan a large measure of control over the entire Chinese economy and ended the Open Door Policy. Japan and China reached a series of agreements which ratified the first four sets of goals on 25 May 1915.