What is the relationship and importance of China to the US?
The relationship between the US and the Peoples Republic of China is one of being good trading partners with each other. US companies contract with Chinese companies to produce US products in China. The favorable worker wages in China allows for US companies to sell their products made in China, such as computers to a worldwide market base. On the diplomatic side, the peace between the US and China helps keep stability in the Far East.
What is the current trading exchange relationship between the US and China in terms of natural resources?
Nixon wanted to establish diplomatic relations with the People's Republic of Chine because he recognized the importance of such a relationship. In a manner of speaking, by doing this he placed pressure on US relations with the USSR. Nixon believed that if a problem with either nation could be solved if he had access to one of them.