18 août 1950 - Treaty of Friendship, Alliance and Mutual Assistance

Description:

Alliance between Soviet Union and China.

China asked for:
- Promise of assistance if under attack
- A loan of $300 million to give China the funding it needed to begin modernising its economy, and some guarantees for its safety.
-10,000 economic advisers, paid by China, were given to China by the Soviet Union. These advisers helped establish the first Five Year Plan.
- In return, China gave some economic concessions to the Soviet Union.

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