Home Facts trade

US official: China's progress beneficial to US

US official: China's progress beneficial to US

Write: Orban [2011-05-20]
U.S. Minister of Commerce, Gary Locke, says that the development of the Chinese economy is beneficial to U.S. businesses and the job market.
He complimented the achievements made in Sino-U.S. economic and trade relations over the past decades. He says both sides have forged closer ties, particularly in innovative areas like clean energy and bio-technology.
This year, both China and the U.S. became each other's second-largest trade partners.