What policy was established to grant equal trading rights in China?

The Open Door Policy was established in the late 19th and early 20th centuries to ensure that all countries had equal trading rights in China, preventing any single nation from monopolizing trade concessions in that region. This policy was articulated mainly by the United States and aimed to promote fairness in China's markets among various foreign powers. It was a response to the increasing influence of European powers in China and was intended to create a level playing field where all nations could engage in trade without facing unfair restrictions or quotas.

By proposing the Open Door Policy, the United States sought to protect its commercial interests while also maintaining China's territorial integrity and sovereignty. This policy not only facilitated international trade but also served as a diplomatic approach to managing relations with other powers interested in China's resources and markets. Importantly, it reflects a period when the concept of free trade began to gain traction, as various nations recognized the benefits of open markets for their economies.