BEIJING, June 7 (Xinhua) -- Sunny California, the choice of location for an upcoming meeting between President Xi Jinping and U.S. President Barack Obama, speaks volumes for the hopes the two countries cherish for the future.
As the global economy remains gloomy, the meeting between the leaders of the world's two largest economies is expected to help create a new climate for world economy.
"A basket of economic issues" will be discussed by the two presidents in California, said Myron Brilliant, executive vice president of the U.S. Chamber of Commerce.
While meeting with former U.S. Treasury Secretary Henry Paulson on Wednesday, Premier Li Keqiang said China would like to work with the U.S. to deepen cooperation in all fields, promote bilateral economic integration and create a mutually beneficial environment for the businesses of both countries.
Economic ties between the two countries have become an anchor for bilateral relations. Annual bilateral trade in goods has amounted to nearly 500 billion U.S. dollars in recent years.
"We are in the early years, with problems getting more complex. Each side needs more commitment to solve those problems," said Carlos Gutierrez, former U.S. Secretary of Commerce, comparing the economic relationship between the two countries to a marriage.
China has been dissatisfied with U.S. limits on the export of high-tech products to China, as well as its economic protectionism, which bars many Chinese investors from the U.S. market.
Meanwhile, the U.S. often grumbles that the Chinese currency is undervalued. Other sources of complaint include China's state-owned enterprises, intellectual property protection, market access and cyber security.
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