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Home >> China
UPDATED: 08:16, January 11, 2005
US official: US-China economic relations have never been better
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Under Secretary of the US Commerce Department Grant Aldonas said in Hong Kong Thursday that the economic and trade relations between the United States and China have never been better and that China is now a very open market.

"China's exports to the United States and the United States exports to China have grown very significantly," the under secretary in charge of international trade said, adding that China and the United States are important trading partners to each other.

He said as China and the United States are two important economic forces in the world, the economic development of China has been the major driving force to the world economy.

He said a good US-China economic and trade relationship is not only in the interest of American and Chinese, but has a broader impact. In this aspect, it is the responsibility of the two countries to better manage the relationship and solve conflicts.

He noted that the Chinese market is quite open now, especially after China's entry into the WTO. "I often remind my friends in the United States that how open the Chinese market is," he said.

He said the United States welcomes the measures that the Chinese government takes to fulfill its WTO commitment, such as judiciary explanation of the intellectual property law, and elimination of some trade barriers.

He said that an open Chinese market benefits the developed countries, and developing countries as well.

Source: Xinhua


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