From Handshakes to High-Tech: A Journey of Economic Collaboration
China-U.S. economic and trade relations have expanded steadily since diplomatic ties were established in 1979, according to a newly released Chinese government white paper. The document outlines key milestones and data trends, emphasizing cooperation in sectors like technology, agriculture, and manufacturing as cornerstones of bilateral growth.
Numbers Tell the Story
The report highlights an 18-fold increase in bilateral trade volume over the past four decades, with two-way investment exceeding $260 billion cumulatively. While recent years have seen challenges like tariffs and supply chain debates, the white paper underscores mutual benefits, noting that over 70,000 U.S. companies operate in the Chinese mainland, generating employment and innovation.
Looking Ahead
Analysts suggest the document serves both as a retrospective and a roadmap, advocating for continued dialogue on issues like intellectual property rights and market access. Experts interviewed by KhabarAsia.com emphasized the interdependence of the world's two largest economies, particularly in green energy and AI development.
