China is now the largest trading partner of the United States. Last year, two-way trade reached 519.6 billion U.S. dollars. In comparison, the figure was 2.5 billion dollars in 1979.
Meanwhile, economic cooperation with China has been vital to job creation in the United States, the U.S.-China Business Council said in a report in January. Bilateral trade and investment supported some 2.6 million jobs in the United States across a range of industries in 2015, while Chinese products also help lower costs for U.S. consumers.
Although they still have many differences and frictions, with trade and currency among the major thorny issues, the two sides have sought to properly manage them and expand common ground, as the world craves a healthy relationship between the two countries.
Noting that the first Xi-Trump meeting takes place just two and a half months after Trump assumed office, Robert Hormats, vice chairman of Kissinger Associates, an international consulting firm based in New York City, said such an early tete-a-tete will not only benefit both countries, but also serve "multilateral interests."
A successful presidential meeting will publicly convey a message that the two countries are not caught in an "adversarial relationship" and will work together to solve problems through "constructive dialogue," he added.
Joseph Nye, a renowned U.S. foreign policy expert, told Xinhua in an email interview that he is optimistic about China-U.S. relations for the long term.
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