Research Paper (undergraduate) from the year 2014 in the subject Economics - International Economic Relations, , language: English, abstract: Between 1941 and 1991, the key significance of China to the U.S. had been one among the most lasting legends of Sino-American relationship. However, actually, China had had just a secondary significance, and its importance was in the context of crises with other nations, which had partially influenced the U.S diplomacy towards China during the 50 years. Accordingly, the cessation of the Cold War era needed the US foreign policy to reassess the significance of China. It has since become evident that future lasting stability in the Asia-Pacific area substantially rests on harmonious relationship among the U.S, Japan, and China. To the point that the three nations can join forces, they will establish a generally nonthreatening security atmosphere and manage the disputes sure to egress in the Asia-Pacific area. Otherwise, conflict and latent hostilities among the three nations will have a deeply threatening effect in the region.