During the twenty-seven year rule of Mao Tse-Tung in China, one of the most important political decisions included the “opening to United States”. The foreign policy of China was revised and China established close bilateral ties with the world’s major powers including United States. Since then, China has painstakingly developed good relations with nearly all the countries in the world. China’s market-oriented approach has had a great influence on its foreign policy. This has increased the demand for translation agencies as well.
The reasons for this opening to America might be political but they greatly benefited the country’s economy and as a result, China now has a market in almost every country. China has emerged as the second largest economy in the world after United States and the world’s leading exporter. Economic experts of both countries predict very cordial relations between the two countries which will be ‘mutually beneficial’ for China as well as United States. Trade between the two countries and China’s strategy to invest abroad has resulted in a high demand for Chinese to English translations. As China has an equal involvement in the African and Asian markets, translation of Chinese language into other languages is also needed at times.
Robert D. Hormats, the US Under Secretary for Economic Growth, Energy and Environment sees both the countries on the verge of a new era of their economic relationship. Both the countries seek a ‘win-win cooperation’ by exploring new possibilities. He also stressed the need for altering the economic policies to suit the new economic trends of the global market. China and America are now focusing on areas where their interests converge, in an effort to try to build on common interests. The science and technology cooperation of China and United States has been remarkable over the past few years. A Chinese translator working for The Marketing Analysts Translation Services company ,was optimistic about the business the new economic policies of both the countries will bring for translators.
Given the success of the Science and Technology Agreement between China and the U.S. launched in 1979, new opportunities must be sought. Such agreements will increase the demand for scientific translations which will bring new business for the translation service companies. China and America are now working together to increase Chinese investment in the United States which will not only boost China’s economy but will also create jobs in the US. Both countries also want to improve collaboration between Chinese and American enterprises which comes under the category of business-to-business interaction or B2B communication.