China as Most Favored Nation

The most-favored-nation status, given by the United States, is very important in China's run to become the world's strongest nation. China is a sleeping giant that just needs the opportunity to wake up, and China believes that the United States granting them the most-favored-nation status is this opportunity. China has the world's largest population with lots of untapped potential. Opening this enormous market to the United States is very advantageous to both countries if they can cooperate, but it is not easy for two competing world powers with different cultures to work together in harmo…