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The 50th anniversary of the historic visit of former US president Richard Nixon to Beijing in 1972 is an important opportunity to reflect on the current situation in the China-US bilateral relationship. That visit had worldwide repercussions. It changed the course of the Cold War. It helped the integration of the People's Republic of China into the international system, especially at the United Nations. But the formal establishment of China-US diplomatic relations only took place in 1979, after the United States agreed to the principle of one China. This step boosted the reform and opening-up process and facilitated the access of US companies to the giant Chinese market.

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