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Why maintaining good China-U.S. economic ties is shared expectation?

2025-01-07 13:35   Xinhua

  Visitors look at the RISE technology demonstrator program model at the exhibition area of General Electric during the seventh China International Import Expo (CIIE) in east China's Shanghai, Nov. 5, 2024. (Xinhua/Fang Zhe)

  BEIJING, Jan. 6 (Xinhua) -- Many economists, multinationals and ordinary consumers may share a common New Year's wish for 2025: stable and positive interactions between the world's two largest economies.

  In 2024, China and the United States celebrated the 45th anniversary of establishing diplomatic ties. In 2025 and the years ahead, the bilateral relationship will continue to attract the global spotlight following the conclusion of the U.S. presidential election.

  While projections on future China-U.S. ties vary, both worry and optimism underscore one reality: the two countries' engagement matters to all.

  “History has proven that China and the United States stand to gain from cooperation and lose from confrontation,“ Chinese Ambassador to the United States Xie Feng said at an event in early December.

  “At this new crossroads, we cannot backpedal or take one step forward but then two backward,“ Xie said. “Mutual benefit is the most beautiful vocabulary in China's dictionary, and win-win cooperation is the best choice for our two countries.“

  INTERTWINED INTERESTS

  Over the past decades, the economic interests of China and the United States have become deeply intertwined. During the 1979-2023 period, trade between the two countries surged by over 200-fold, with the total volume of two-way investment surpassing 260 billion U.S. dollars.

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