A new opportunity to expand Sino-US trade

The upcoming meeting between President Xi Jinping and US President Donald Trump is expected to further deepen China-US cooperation and draw a new map for bilateral ties in the "New Era", which, according to Xi, China has already entered.

The trade imbalance between China and the United States is an issue that both countries have been making serious efforts to resolve. Since communication and cooperation are integral to resolve the issue and improve Sino-US ties, the two countries need to launch economic structural reforms in accordance with their real conditions.

China is further opening its market, so accordingly the US should ease the control on exports that, in reality, restricts its trade competitiveness. Moreover, not only China but also other East Asian economies have a trade surplus with the US. And to a certain extent, China has a trade surplus with the US because it exports large quantity of finished products to the US and other Western economies.