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Over two decades from 1949 until the resumption of the diplomatic relations between these two countries in 1972, West German companies never gave up on the Chinese market despite substantial difficulties caused by Cold War frictions. This paper exams the payment transactions and terms of credits for financing industrial projects between the PRC and West German companies.

From the Berlin Wall to the Great Wall: Payment Transactions and Financing of Business between West Germany and Communist China, 1949 to 1972