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New trends tell where China-U.S. cooperation is heading

   Xinhua   08:35, September 22, 2021

 

-- Despite trade frictions over the past few years and constant calls for "decoupling with China" from some U.S. officials, new trends emerging in Sino-U.S. economic and trade development show where momentum really lies for the world's two biggest economies.

-- In the first eight months of this year, Chinese exports to the United States, rather than falling, expanded 22.7 percent year on year, according to official data.

-- Failing to cripple the economic and trade ties between the two economies that are so deeply interwoven, U.S. restrictions weighed heavily on American enterprises and people and the global industrial and supply chains and served to prove that cooperation is the only right choice.

-- Inevitably, the U.S. tariff increase took some toll on China, especially on products such as farm produce, light industrial goods and electrical appliances, but it has not dampened the U.S. market's "rigid demand" for Chinese goods, which comes from the competitive prices and quality of made-in-China products as well as the economic complementarity between the two countries.

BEIJING, Sept. 21 (Xinhua) -- Despite trade frictions over the past few years and constant calls for "decoupling with China" from some U.S. officials, new trends emerging in Sino-U.S. economic and trade development show where momentum really lies for the world's two biggest economies.

In the first eight months of this year, Chinese exports to the United States, rather than falling, expanded 22.7 percent year on year, according to official data.

Likewise, a report by the American Chamber of Commerce in China earlier this year shows that two-thirds of the enterprises surveyed said they would increase investment in China.

Failing to cripple the economic and trade ties between the two economies that are so deeply interwoven, U.S. restrictions weighed heavily on American enterprises and people and the global industrial and supply chains and served to prove that cooperation is the only right choice.

Like Chinese President Xi Jinping has said, when China and the United States cooperate, the two countries and the world will benefit; when China and the United States are in confrontation, the two countries and the world will suffer.

Getting the relationship right is not optional, but something the two countries must do and must do well, according to Xi.

China's manned submersible Jiaolong prepares to dive in the Yap Trench in the west Pacific, June 13, 2017. (Xinhua/Liu Shiping)