The Chinese agreed to a peaceful settlement of the Taiwan question. The statement enabled the U.S. and PRC to temporarily set aside the "crucial question obstructing the normalization of relations" concerning the political status of Taiwan and to open trade and other contacts. However, the U.S. continued to maintain official relations with the government of the Republic of China in Taiwan, and did not break off until 1979, when the U.S. established full diplomatic relations with the PRC.

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