2009: a year of cooperation and conflicts for China-US trade relations
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Prospect of China-US trade ties
Analysts said the tone of the China-U.S. relationship was positive in 2009 and marked an upgrade from previous links between the two countries.
The two nations were highly interdependent and enjoy a solid foundation built on common interests, Fu said.
"There is no point for them to straying away from the status quo," Fu said.
According to Chen, China and the United States share common ground on many issues. That includes pushing for the world's economic recovery, safeguarding a multilateral trade mechanism, reform on international financial institutes, combat against climate change and efforts to reduce poverty, he said.
Having witnessed ups and downs, China-U.S. ties are heading for a partnership committed to jointly dealing with global issues.
World Bank President Robert B. Zoellick said in an interview with Xinhua that both China and the U.S. enjoy common interests and shared responsibilities in working on the current financial crisis and future economic development.
The global financial crisis served as an opportunity for both sides to improve their relations.
The Chinese government is striving to shift its economic growth pattern and expanding domestic demand, Wang said. China's effort would promote a more balanced and sustainable relationship between the two sides, he said.
However, conflicts do go with development in China-U.S. trade relations, as Chen said that their differences would at first center on how much responsibility each side should take.
The difference was featured as the U.S. continued to press for the appreciation of China's currency and in other trade disputes, Chen said.
Jin Canrong, associate director of the School of International Studies at Renmin University, also pointed out other fields where trade conflicts between the two countries would be likely to show up.
Those include green tariffs and other trade restriction measures, labor protection, product quality problems, high-tech export controls, cooperation in East Asia and policy fluctuations brought by interest groups within the U.S., Jin said.
Although there probably will be setbacks, the overall framework of the bilateral trade would be stable thanks to the great importance attached by each government as well as increased bilateral coordination mechanisms, Jin said.
In the past 10 years, the number of bilateral coordination mechanisms at the ministerial level has been increased to more than 60, he said.
Wang also said that a sound interaction between China and the United States would not only benefit both countries, but also contribute to the peaceful development of the world.
