Subnational cooperation is a driver of China-US relations, says Chinese State Councilor Yang Jiechi who published an article in Seattle Times Monday.
Yang said that China and the U.S. have 43 pairs of sister provinces/states and 200 pairs of sister cities, with multiple platforms and extensive network for close interactions.
Yang indicated that two-way trade exceeded US$550 billion and mutual investment topped US$120 billion in 2014. By June 2015, Chinese companies had directly invested US$77.5 billion in 1,501 non-financial projects in the US. Estimates show that by 2020, Chinese investment in the US will reach US$100-200 billion, adding 200-400 thousand local jobs.
Yang mentioned that people-to-people exchange is a propeller of China-US relations. By 2014, 490,000 young Chinese had studied in the U.S., and over 100,000 young Americans in China. Seventy-five Chinese universities hosted 12,000 American scholars. Over 30% of the international students in the Washington State are Chinese.
Yang stressed that admittedly, China and the US also have different views on some issues and there are sensitive issues in our bilateral relations. However, they are outweighed by our common interests and the potential of cooperation. Dialogue and cooperation is the prevailing trend.
Yang’s article was published before Chinese President Xi Jinping pays a state visit to the US at President Obama’s invitation. (The Daily Mail – People’s Daily news exchange item)