Win-win China-U.S. relations on economy and trade

U.S. Secretary of State Rex Tillerson completed his two-day visit in China on Sunday. He met with President Xi Jinping, State Councilor Yang Jiechi and Foreign Minister Wang Yi.

For many, economic and trade cooperation is the ballast of China-U.S. relations.

China-U.S. economic and trade cooperation

Data from the Ministry of Commerce showed bilateral trade surged from 2.5 billion U.S. dollars in 1979 to 519.6 billion U.S. dollars in 2016, an increase of over 200 times.

Bilateral trade was also credited with creating 2.6 million jobs and contributing 216 billion U.S. dollars for economic growth in the United States in 2015.

Over the past decade, U.S. exports to China grew at an average annual rate of 11 percent, while imports from China rose 6.6 percent each year on average.