Marilyn Librers, president of China Silicon Valley, an organization that promotes cooperation between China and the U.S. tech hub, said she was excited to attend the Chinese Lunar New Year reception because she is optimistic about the future of the two countries.

"I see the future to be booming for both of our countries, which is very exciting," she told Xinhua, adding that both China and the United States are major countries with significant influence.

"We must trade and we must have commerce together," Librers said.

Geoffrey Wilson, president of the Physicians Organizing Committee, a San Francisco-based non-profit association which has committed itself to fighting for ethics in the health profession, said he was looking forward to "a great prosperous year" ahead for China and the United States.

Wilson said the phase-one deal will help improve the relationship between the United States and China because they can benefit a lot from cooperation that will continue in the new year.

He said China and the United States can benefit from each other in many ways and he expects trade to flow for both countries. "If we can remove the trade barriers, the entire world will benefit," Wilson said.

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