In the Second Shanghai Communiqué, the provisions of the (first) Shanghai Communiqué were reiterated. It declared that the US recognizes the Government of the PRC as the sole legitimate government of China, and it acknowledged the Chinese position that there is but one China and that Taiwan is part of China. During the conclusion of the Communiqué, the Chinese government restated that the Taiwan question is China's internal affair. The US stated that "it has no intention of pursuing a policy of "two Chinas" or "one China, one Taiwan." The question of US arms sales to Taiwan was not settled when US-PRC diplomatic relations were established. In this Communiqué, the US stated that "it intends to reduce gradually its sale of arms to Taiwan, leading over a period of time to a final resolution." * Importance: By means of this Communiqué, the US expresses its support for a peaceful solution of Taiwan’s status.