This is a microcosm of China-U.S. economic and trade cooperation. According to a white paper published by China to clarify the facts about China-U.S. economic and trade relations in September 2018, bilateral trade grew from a negligible 2.5 billion U.S. dollars in the late 1970s to over 580 billion U.S. dollars in 2017. China is the fastest growing export market for U.S. goods and the biggest source of U.S. imports.
"China benefits remarkably from the strong synergy, while the United States also reaps extensive economic benefits from the opportunities and results generated by China's growth," said the white paper.
Statistics from the United Nations show that China-U.S. trade expanded by a factor of 4.4 between 2001 and 2017, while unemployment in the United States dropped from 5.7 percent to 4.1 percent, the white paper noted.
"This data proves that the essence of the China-U.S. cooperation should be mutual benefit and win-win," said Ruan Zongze, executive vice president of the China Institute of International Studies.
PROFOUND GLOBAL IMPACT
As the world's largest developing country and developed country, as well as permanent members of the UN Security Council, China and the United States shoulder the responsibility to safeguard world peace and stability, and foster global development and prosperity.
Many researchers have said that history has more than once proved that the world can benefit from healthy China-U.S. relations. What happened on the Korean Peninsula last year is an example.
In 2018, the parties involved in the Korean Peninsula nuclear issue resumed dialogue after a long deadlock. Communication between China and the United States played an important role in this.
Focusing on the long-term stability of the peninsula and taking into account the legitimate concerns of all parties, China has been searching for a fundamental solution to the Korean Peninsula nuclear issue. It proposed and has been pushing for the "dual track approachment" toward denuclearization and a peace regime, said Ruan.
It has been proved that President Xi is right to insist on a dialogue between the United States and the DPRK, U.S. President Donald Trump said in a phone call with Xi in March last year.
He said the U.S. side highly appreciates and values China's significant role in resolving the Korean Peninsula issue, and is willing to strengthen communication and coordination with China over the issue.
