HONG KONG, July 10 -- A high-level international forum on U.S.-China economic relations concluded here Wednesday with calls for continued collaboration between the world's top two economies to proceed with trade negotiations and realize win-win progress.

U.S., CHINA NEED EACH OTHER

"The United States and China both need each other. Our economies are very intertwined," former U.S. Ambassador to China Max Baucus said on the sidelines of the forum themed "U.S.-China Trade and Economic Relations: What Now, What Next."

"We're joined at the hip in trade of goods, trade of services and investment. We're going to need each other more and more, as years go by," he added.

Since the establishment of U.S.-China diplomatic relations in 1979, economic ties between the two countries have been strengthened with booming two-way trade and investments.

History has proven that bilateral cooperation can create tremendous gains for both countries, said Jeff Moseley, CEO of the Texas Association of Business.

Texas has in particular benefited from the increasingly closer ties with China, its third largest trading partner, Moseley said. "We are enjoying strong investments from China in Texas, and we know that a lot of our companies are depending on the relationship."

Moseley said he hopes to attract even more Chinese investments to Texas in such areas as energy, agriculture, healthcare and technology.

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